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vellojo vellojo
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7 years ago
An assumption behind the infant-industry argument for tariff protection is that
A) the domestic industry will be facing an upward adjustment in its average cost.
B) the domestic industry will eventually gain a comparative advantage in producing the good.
C) the market needs additional competition to satisfy consumer demand.
D) foreign competitors are selling output below average cost.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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amishamish
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#1
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7 years ago
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vellojo Author
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#2
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
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