In international trade, an infant industry is one:
a. that protects firms that produce products for infants.
b. with a large number of very small firms.
c. in which the firms are experiencing very small profits.
d. in the early stages of its development.
d
Economics
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What does the expansion path represent?
What will be an ideal response?
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One difficulty associated with average cost pricing regulation of natural monopolies is that firms have little or no incentive to minimize production costs
a. True b. False Indicate whether the statement is true or false
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