The (false) idea that an industry should be protected because of learning- by- doing until it is large enough to compete successfully in world markets is the argument for protection.

Question

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The argument for protecting an industry until it is large enough to compete in world markets is the argument for protecting infant industries. This is based on the idea that as the industry gains experience with production, it will eventually become competitive and able to succeed in the global market.

The (False) Idea That an Industry Should Be Protected Because