The Infant Industry Argument for Protectionism Suggests That an Industry

The infant industry argument for protectionism suggests that an industry must be protected in the early stages of its development so that:

A) firms will be protected from subsidized foreign competition.
B) domestic producers can attain the economies of scale to allow them to compete in world markets.
C) there will be adequate supplies of crucial resources in case they are needed for national defence.
D) it will not be subjected to a takeover from a foreign competitor.

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