
In recent years, Chinese manufacturers have duplicated or acquired manufacturing technology that meets global standards. Combined with very low-cost labor, these Chinese manufacturers
A) utilized subsidies to create a value quota.
B) have an absolute advantage over international competitors.
C) have created a decreasing returns-to-scale industry.
D) used increasing returns-to-scale to offset tariff restrictions.
E) simulated an intraindustry advantage.
Correct Answer:
Verified
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