A) There is very less incentive for the domestic producers to improve the quality of their products
B) Consumer sovereignty narrows down
C) Both (a) and (b)
D) It result in huge amount of capital inflows
Correct Answer: C
Solution :
Protectionist policies are criticised on the ground that there is very less scope for domestic firms to become more efficient and domestic consumers have to purchase whatever has been produced domestically.
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