The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-Protection is rarely withdrawn from infant industries because such firms are necessary to ensure creation of domestic jobs.

Question

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4
 
-Protection is rarely withdrawn from infant industries because such firms are necessary to ensure creation of domestic jobs.

Quizplus · Accepted Answer

Protection is often withdrawn from infant industries once they become competitive, as continued protection can lead to inefficiencies and dependency on government support.

The Figure Below Shows the Demand (D) and Supply (S)