Japan’s protection of its semiconductor (RAM) producers is today seen

Japan’s protection of its semiconductor (RAM) producers is today seen as an object lesson in

A) how strategic planning may backfire and cause a large waste of resources.
B) how externalities may be successfully exploited by protectionist policies.
C) how excess returns may be successfully exploited by protectionist policies.
D) how government intervention may create a meaningful comparative advantage.
E) how monopolies can outlast government intervention.

ANSWER

A