Which of the following best describes the infant industry argument?
A) It states that small businesses that have just started to export are financially stable and seldom require financing from government agencies.
B) It states that protecting a country's emerging industries from international competition will enhance domestic companies' incentives to obtain knowledge to be competitive.
C) It states that a country's emerging industries need protection from international competition during their development until they become sufficiently competitive.
D) It states that domestic companies that are provided protection from international competition become more competitive and less reliant on protection.
Correct Answer:
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