According to the special interest theory, the licensing of beauticians would be
a. desired by consumers in order to promote the public interest
b. desired by beauticians in order to promote the public interest
c. discouraged by all beauty salons, large or small
d. desired by some beauticians in order to restrict entry into their profession
e. done strictly at the initiative of the government
Question 2
If a perfectly competitive firm shuts down in the short run, its total cost equals zero.
a. True
b. False
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