A reason why it is difficult for developing countries to maintain a cartel is that"
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The existence of marginal social benefits which are not marginal benefits for the industry producing the import substitutes
is an argument rejecting free trade and supporting governmental involvement
The domestic market failure argument is a particular case of the theory of
the second best
The difficulty of ascertaining the right second-best trade policy to follow
reinforces support for free-trade options
The reason protectionism remains strong in the United States is that
the losses associated with protectionism are diffuse, making lobbying by the public impractical
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