Your textbook states,"Although the regime for shipping is dominated by firms,the market is inherently unfair." How is it unfair?
A) It favors multinational corporations.
B) It favors less developed countries.
C) It favors newly industrializing countries.
D) It favors developed countries.
E) It favors small local firms.

Question

Quizplus · Accepted Answer

The shipping market is dominated by large, developed country-based firms which enjoy significant advantages over smaller, less developed country-based firms. Developed countries have better established port infrastructure, more advanced equipment, and greater access to financing and insurance. This creates an inherently unfair playing field for smaller, developing countries, making it difficult for them to compete in the global shipping market.

Your Textbook States,"Although the Regime for Shipping Is Dominated by Firms,the