Th4.1: Protection from Unfair Competition Flashcards
1
Q
Producers in different countries can produce…
A
at different prices
2
Q
Why may domestic firms be unable to compete with bigger firms?
A
these big firms may have very low labour costs or very low health and safety due to regulation or with a firm that is heavily subsidised by the government
3
Q
Some argue the government should intervene to…
A
protect domestic producers from this
