The restrictions of licensing laws by the local government would help a local business by removal of competition as well as hurt the business with no entrance of new entities.

Option C is the correct answer.

<h3>What is a local government?</h3>

Local government is the type of government that helped the individuals of the district in providing the services related to their everyday lives.

When the local government put restrictions on the licensing laws, then it would be benefitted to the existing local businesses as they do not face any competition from its rivalries. But it hurts the local business as well because new business entities would not enter the markets.

Therefore, the local business would be helped as well as hurt by putting licensing restrictions by the local government.

Learn more about the local government or municipality in the related link:

brainly.com/question/1360096

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3 years ago