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emma.locke16 emma.locke16
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5 years ago
An assumption behind the infant industry argument for tariff protection is that
A) foreign competitors are selling output below average cost.
B) the domestic industry will be facing an upward adjustment in its average cost.
C) the domestic industry will eventually gain comparative advantage in producing the good.
D) the market needs additional competition to satisfy consumer demand.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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smi3smi3
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5 years ago
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emma.locke16 Author
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5 years ago
White Checkmark
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2 years ago
thank you
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