What should the government limit the number of auto and, Ask an Expert

Economics

Licensing is another non-price barrier that Big Drive Auto could use to prevent others from entering the industry. Licensing allows the government to control the number of firms that enter and industry in an effort to limit the competition. Should the government limit the number of auto and parts makers, the competition for would be limited. Please explain more on this subject.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9284405

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