Which of the Following Is the Most Accurate Statement

question 40

Multiple Choice

Which of the following is the most accurate statement?

• A)Protection is necessary in order for young industries to grow up and be successful.
• B)Protection is not necessary for an industry to grow.
• C)Protection is necessary because if young industries are not protected,they may suffer losses.
• D)Protection may not always be necessary for infant industries,but it has proven to be useful in most cases.

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Definitions:

Large Firms

Businesses that operate on a significant scale, typically having extensive operational capacities, manpower, and financial resources.

Profit-maximizing

The strategy or point at which a business makes the highest amount of profit at a given level of production, taking into account its cost structure.

Output

The total amount of goods and services produced by an economic system, company, or machine within a specific period.

Legal Barriers

Regulations or policies implemented by governing bodies that limit or control the entry of new firms into certain markets or industries.