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_______________________ propose(s) giving an industry a short-term indirect subsidy to support it until such time that it matures and turns into a vibrant, healthy industry.

a. Price- and profit-maintenance policies
b. Protection against dumping
c. The infant industry argument
d. Self-sufficiency policies

User Yunti
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Answer:

c. The infant industry argument

Step-by-step explanation:

Infant industry argument is a mechanism for trade protectionism. It argues that a new industry does not have the economies of scale enjoyed by older competitors.

So they will need to be protected and funded till they develop and match up with economies of scale of other competitors.

Infant industries need to be supported as they are not able compete favourably with other companies from abroad.

Their protection will lead to a more vibrant economy where multiple players compete favourably.

User Jaja
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