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Question 15 The appropriability argument for infant industry promotion Not yet answered O a. assumes that firms in a new industry generate social benefits for which they are not compensated. Marked out of O b. assumes that pioneering firms' start-up costs are compensated. 1.00 O c. assumes that firms in a new industry create knowledge and new markets in which they can establish property rights. P Flag question O d. assumes that social benefits from creation of a new industry will always exceed its costs