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3 years ago

Which of the following describes the infant industry argument for protectionism?

Business

1 answer:

Alchen [17]3 years ago

4 0

Answer:

a. Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.

Explanation:

According to the infant-industry theory, new industries in emerging and developing economies need protection for unfair competition from industries in advanced economies. The new industries need time to grow and develop economies of scale that can match those from more developed economies.

Economists describe infant industries as those in their early stages of development and, as such, cannot compete favorably with established rivals. Proponents of Infant-economies protection argue that infant industries need protection from international competitors capable of flooding domestic markets with cheaper goods. Protection assist infant industries to mature and develop economies of scale.

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In a sweezy oligopoly, the profit-maximizing level of output occurs where:_____.

hodyreva [135]

In a Sweezy oligopoly, the profit-maximizing level of output occurs where mr=mc.

Paul M. Sweezy created the oligopoly's kinked demand curve in 1939. The model explains how oligopolistic groups behave rather than placing emphasis on how price-output determination occurs.

With an equilibrium output of Q units and an equilibrium price of P, the oligopolist maximizes profits by equating marginal income with marginal cost.

Due to each company's desire to maximize profits, there is frequently intense competition among them when it comes to pricing, production, and promotion.

The main distinction between a monopolist and a perfectly competitive firm is that although for a monopolist, marginal revenue is not equal to the price since changes in output quantity affect the price.

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2 years ago

Match the term or phrase with its best descriptor.Maximum sustainable yieldA. available biomass of a target speciesB. incidental

ArbitrLikvidat [17]

Answer: Option C

Explanation: The best descriptor for the term maximum sustainable yield would be "maximum catch without reducing the population of target species". The maximum level at which the natural resources can be exploited without having any serious threats to the future is called sustainable yield. So as per this case sustainable yield is the extent of hunting a species that fulfills the requirement of today and does not threat the future needs.

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3 years ago

How have airplanes changed the way the world does business? Check all that apply. by making long trips less expensive by making

Marina86 [1]

Answer:

a. by making long trips less expensive

b. by making long trips in less time

c. by opening up new trade markets

e. by increasing travel options

Explanation:

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3 years ago

Read 2 more answers

The following information relates to Wildhorse Co. for the year ended December 31, 2020: net income $1,305 million; unrealized h

Bess [88]

Answer:

a. The Other comprehensive income for 2017 is $-11.2 million

b. The Comprehensive income for 2017 is $1,293.8 million

c. The Accumulated other comprehensive income at December 31, 2017 is $45.2 million

Explanation:

a. According to the given data the company incurred a loss of $11.2 million as an unrealized income from available-for-sale debt securities. It is the actual loss.

Therefore, other comprehensive income is (-$11.2) million.

b. In order to calculate the Comprehensive income for 2017 we would have to use the following formula:

Comprehensive income=Net income−Unrealised holding loss

=$1,305 million−$11.2million

=$1,293.8 million

Therefore, comprehensive income for 2017 is $1,293.8 million

c. In ordert to Calculate the accumulated other comprehensive income we would have to use the following formula:

Accumulated comprehensive income = Existing income−Unrealised holding loss

=$56.4million−$11.2million

=$45.2million

The Accumulated other comprehensive income at December 31, 2017 is $45.2 million

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3 years ago

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Keith_Richards [23]

Answer:

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