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Question
The government of Greenland Republic protects its newly privatized firms from foreign competition by imposing stringent barriers to international trade and foreign direct investment. As a result of this, the newly privatized firms will:A.continue acting like state monopolies.
B.operate at their maximum efficiency.
C.pay huge taxes.
D.import raw materials and many industrial goods at low tariffs.
E.have no control over production and pricing.
Answer
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