Why is it necessary to use a market failure to justify the use of infant industry protection?

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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Question Posted: Feb 04, 2016 05:31 AM

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Why is it necessary to use a market failure to justify the use of infant industry protection?

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If all markets are working perfectly there is no reason why a potential...View the full answer

International Economics

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