Which of the following is more likely to be eligible for protection from international competiton?
A) An infant industry.
B) A monopoly.
C) A perfectly competitive industry.
D) An export industry.

Question

Quizplus · Accepted Answer

Infant industries are often protected from international competition to allow them to grow and establish themselves without being overwhelmed by larger, more established foreign competitors. This protection can take the form of tariffs, quotas, or subsidies.

Which of the Following Is More Likely to Be Eligible