What side effects might the fees and exam introduce into the elevator ope'rataf market? o Time left 2:25:2% Select one: .. O a. The low fee helps to ensure that unlicensed elevator operators will not enter the market and attempt to offer their services at a high wage to compete with the lower wages of licensed elevator operators. The fee and exam help to prevent new entrants from exercising too much market power. Q b. Being known as a licensed elevator operator, who passed a test, will improve the reputation of licensed elevator operators. The fee payment, however, does nothing to affect the elevator operator's reputation. Since both the exam and fee are mandatory, it is unclear whether the requirements will improve or worsen the wages of elevator operators in Massachusetts. O c. The fees are going to encourage only serious entrepreneurs to become elevator operators. Those who do not really want to become elevator operators will be dissuaded by the requirements, thus ultimately improving the quality and lowering the wages of elevatorbperators. @ d. The burden of the fee and traseling to an exam are more likely to exclude low- income people from pursuing a career as an elevator operator. It may (slightly) exacerbate income inequality since only higher-income individuals would consider the fee and exam to be worthwhile, who thereafter would be able to earn income as an elevator operator