In developing countries,governments may limit competition by

Name: In developing countries,governments may limit competition by
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Question

Quizplus · Accepted Answer

Licensing local production is a common practice in developing countries where governments favor domestic industries over foreign ones. By restricting foreign competitors, local producers are given an advantage in the market. The other options such as market liberalization and anti-trust laws are actually measures taken to increase competition rather than limit it.

In Developing Countries,governments May Limit Competition by