According to the strategic trade policy argument,
A) government intervention is not required because firms can borrow money from the capital markets to finance the required investments.
B) selling goods in a foreign market at below their "fair" market value is legally and ethically justified.
C) government support can help domestic firms overcome the first-mover advantages enjoyed by foreign competitors.
D) a government should use subsidies to support promising firms that are active in old, established industries.
Correct Answer:
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