If import restrictions remain in effect after an infant industry becomes competitive in the domestic market, consumers in this

Question

2 years ago

8

If import restrictions remain in effect after an infant industry becomes competitive in the domestic market, consumers in this

domestic market will pay a price which is ________ the world price for the product.
A. higher than
B. lower than
C. the same as
D. All of the above are equally likely.

Business

1 answer:

sertanlavr [38] · Answer 1 · 2022-08-05T00:13:00+03:00

sertanlavr [38]2 years ago

8 0

Answer: higher than

Explanation: The stockholders of companies in the infant industry gain when they are protected from world competition

-Consumes in that country will therefore pay a price higher than the world price.

If import restrictions remain in effect after an infant industry becomes competitive in the domestic​ market, consumers in this

If import restrictions remain in effect after an infant industry becomes competitive in the domestic market, consumers in this