Strategic Trade Policy Suggests That in Industries Where the Existence

Multiple Choice

Strategic trade policy suggests that in industries where the existence of substantial scale economies implies that the world will profitably support only a few firms, countries may predominate in the export of certain products simply because they had firms that were able to

A) influence the assignment of tariffs.
B) receive government subsidies.
C) capture first-mover advantages.
D) capitalize on late-mover advantages.