For the infant-industry argument for tariffs to be appropriate, it is necessary that
A) the industry be deemed essential by the government.
B) the government can identify which industries will eventually be able to compete with more established foreign producers.
C) only industries that currently are operating efficiently will be protected.
D) the country has access to the most modern production techniques.
B
Economics
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An oligopoly has ______ sellers in the market.
A. 0 B. 1 C. 3 D. many
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