_____ refers to circumstances when a market is too underdeveloped to achieve a comparative advantage.

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An infant industry situation refers to a situation where a market is too underdeveloped, and hence, it cannot achieve a comparative advantage. In such cases, countries may use trade protection measures such as tariffs or quotas to help domestic industries compete with established foreign rivals until they become globally competitive.

_____ Refers to Circumstances When a Market Is Too Underdeveloped