Question 11 (1 point) If the infant industry argument is used to justify protect

Question

Question 11 (1 point)

If the infant industry argument is used to justify protecting an industry that has already matured, then:

Question 11 options:

consumers will lose because the price they will pay is less than the world price.

consumers will lose because the price they will pay is greater than the world price.

no one loses.

stockholders lose because the firms in that industry cannot compete with other firms.

consumers will lose because the price they will pay is less than the world price.

consumers will lose because the price they will pay is greater than the world price.

no one loses.

stockholders lose because the firms in that industry cannot compete with other firms.

Explanation / Answer

Answer :-

consumers will lose because the price they will pay is greater than the world price.

consumers will lose because the price they will pay is greater than the world price.

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