The Market Imperfections Approach Seeks to Explain

Multiple Choice

The market imperfections approach seeks to explain:

A) the disadvantages associated with the adoption of a completely free market view.
B) why different nations import goods from other countries even when they are more capable of producing them efficiently.
C) the preference for FDI over licensing by firms as a strategy to enter foreign markets.
D) the benefits of exercising protectionism coupled with partial embrace of free market approach.