Question
I need some help! 1.A lesson from the Brazilian experiment was that: A. there are many determinants other than market price that also factor into
I need some help!
1.A lesson from the Brazilian experiment was that:
A. there are many determinants other than market price that also factor into an industry's success?firms had supplier difficulties and were hampered by excessive regulation.
B. when politicians get involved, rational decisions and good business practices are more difficult.
C. infant industry protection is almost never successful.
D. government usually knows better than the market whether an industry has potential.
2.(Figure: Supply and Demand at Home) Recognize the figure below from class where curve A represents home country demand. In the situation illustrated by the figure, the monopoly firm's quantity produced after a quota of $________is imposed ________.
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