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6. "First, the national security argument against free trade contends that a country must protect industries that produce defense equipment and armaments and those on which the defense industries rely for their raw materials."
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7. "For example, there are huge productivity gains from learning-by-doing in the manufacture of aircraft."
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8. "The third argument for protection against free trade is dumping, which occurs when a foreign firm sells its exports at a lower price than its cost of production."
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9. "But there are powerful reasons to resist the dumping argument for protection."
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10. "Third, if a good or service were a truly global natural monopoly, the best way to deal with it would be by regulation—just as in the case of domestic monopolies."
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