Question

If import restrictions remain in effect after an infant industry becomes competitive in the domestic​ market, consumers in this domestic market will pay a price which is​ ________ the world price for the product.

A. higher than
B. lower than
C. the same as
D. All of the above are equally likely.

Answer 1

Answer: higher than

Explanation: The stockholders of companies in the infant industry gain when they are protected from world competition

-Consumes in that country will therefore pay a price higher than the world price.