Why Is a Cartel Not a Cartel When at the Hands of Regulators?: The FTC’s Recent Licensing Note* In Canada, the United States and many other open western and eastern economies we fortunately live in free markets. That is to say companies in any sector can enter, devise a new product (or improve on an existing products), compete and reap the free market rewards of doing so – with risk comes reward. Except, unfortunately, for the fact that national, state/provincial and local governments continually enact legislation, regulations, bylaws and the like setting out who can play, what the requirements are (usually licensing and fee requirements) and penalties for non-compliance. Needless to say these various state, regional and local regulatory licensing requirements typically impose
Share on
|
|
The US FTC discusses the impact of licensure on occupations from nursing to accounting and describes how it evaluates the potential competitive effects of regulating professions
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
