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Many governments have laws that protect the production of a specific good in their country.The idea behind these laws is to give time for production

Many governments have laws that protect the production of a specific good in their country.The idea behind these laws is to give time for production to develop.Once this development has taken place, the laws are removed and the producers are expected to compete internationally. Which concept from class would support the case for these laws?

Monopoly

Opportunity cost

Perfect competition

Economies of scale

Profit maximization

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