Discuss how protectionism distorts supplydemand equilibrium, Operation Management

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Discuss how protectionism distorts supplydemand equilibrium

1) What is protectionism? Is it a good thing? Why / why not? How does it relate with trading?

Make sure to provide a comprehensive definition of protectionism.

2) Discuss how protectionism distorts supply/demand equilibrium.

3) How do governments around the world implement protectionist policies?

4) Who benefits and who loses in countries with protectionist policies?

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Operation Management: Discuss how protectionism distorts supplydemand equilibrium

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Operation Management: Discuss how protectionism distorts supplydemand equilibrium

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