Nascent industries require adequate protection from foreign competition because:
a. they experience economies of scale at the initial stages of production.
b. they experience diseconomies of scale at high levels of output.
c. the quality of the products of such industries are comparatively inferior than the products of their foreign competitors.
d. they could undermine other developed industries by selling higher quality products at lower prices.
e. their initial costs of production are considerably high and they incur losses.
e
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If the government breaks up a constant-cost, nondiscriminating monopoly into a perfectly competitive industry, what would we expect with regard to output and price?
a. Output and price will decrease. b. Output will increase and price will decrease. c. Output and price will increase. d. Output will decrease and price will increase. e. No change.
A cutthroat competitor will not lower their price because they believe that
A. their competitors will lower their prices too. B. their competitors will raise their prices. C. they will lose money. D. they will be accused of unfair competition.
What questions should an employee ask before accepting options as part of or instead of a salary?
What will be an ideal response?
Is measured as the percentage chnage in real per capita GDP
What will be an ideal response?