The Infant Industry Argument Is Based On

The infant industry argument is based on:

A) the idea that competitive pressure from established foreign firms would encourage the infant industry's prospects for future growth.
B) the idea that failure to shelter these infant industries tends to lead to political instability.
C) the idea that small firms must be protected.
D) the idea that the industry is not yet ready to compete with established foreign competitors.

Correct Answer:

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