In nearly half the cases in which U.S. firms have requested protection from imports, one or more U.S. companies in the industry opposed the protection. What was the reason for opposing protection?
A) They did not want consumers to have to pay higher prices that would result from protection.
B) These were foreign-owned companies that saw the opportunity to serve the U.S. market.
C) They feared that they would lose foreign export markets because of retaliation.
D) They believed that they could compete against global and domestic rivals.
Answer: D) They believed that they could compete against global and domestic rivals.
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