A new domestic industry with potential economies of scale is called a(n):

Question

Quizplus · Accepted Answer

An infant industry is a new domestic industry with potential economies of scale. It is often protected by government policies, such as tariffs or subsidies, in order to allow it to achieve the economies of scale necessary to compete with established industries in other countries. Therefore, choice C is the correct answer. The other options are not related to the concept of infant industries.

A New Domestic Industry with Potential Economies of Scale Is