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Which of the following is a problem with pursuing a strategic trade policy? Question 24 options: It can help domestic firms develop first-mover advantages before
Which of the following is a problem with pursuing a strategic trade policy? Question 24 options: It can help domestic firms develop first-mover advantages before foreign firms It can easily lead to retaliation by other countries, potentially causing a trade war It is relatively easy to figure out which industries have the potential to provide "breakthrough" technology Countries have inherent absolute advantages in producing certain products It can help domestic firms overcome first-mover advantages enjoyed by foreign firms
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