The Infant Industry Argument Is Criticized Because It Relies on an Assumption

Multiple Choice

The infant industry argument is criticized because it relies on an assumption that

A) new manufacturing industries in developing nations can initially compete with established industries in developed countries.
B) selling goods in a foreign market at below their "fair" market value is legally and ethically justified.
C) the domestic industry in a developing nation lacks the capacity to meet demand.
D) firms are unable to make efficient long-term investments by borrowing money from the domestic or international capital market.