The infant industry case for protection argues that there are cases in which newly created firms will not be efficient initially but could be efficient in the long run if they are given time to mature.

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The infant industry case for protection argues that protecting these new firms from foreign competition can help to create a domestic industry that will be efficient in the long run, even if they are not initially efficient. This can be achieved by allowing them time to develop and gain experience, while also protecting them from external competition.

The Infant Industry Case for Protection Argues That There Are