Multiple Choice
If the infant industry argument is used to protect an industry that has already matured, then
A) consumers lose because they will pay a price for a product that is above the world price.
B) consumers lose because they will pay a price for a product, which is less than the world price.
C) stockholders lose because the firm cannot compete with other firms.
D) no one loses.
Correct Answer:
Verified
Correct Answer:
Verified
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