According to the infant-industry argument, protection should be withdrawn from an infant industry when the companies in the industry
A. are listed on the domestic stock exchange.
B. become profitable.
C. reach a sufficient size to compete with foreign firms.
D. double their sales revenues.
Answer: C
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A) the principle of minimum differentiation means that production should be decreased. B) the number of free riders is at its efficient amount. C) less of the product should be produced because its provision exceeds the efficient level. D) more of the product should be produced because its provision is less than the efficient level.
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c. increase in quantity supplied. d. increase in supply.