Infant industry analysis Brazil's steel market as an infant industry

    Because of time needed to learn, Brazil's steel supply is initially too costly to compete at the world price. Suppose that Brazil's goal is to get a steel industry established, with output at Q=6. However, Brazil's steel industry cannot get started without government help. 
    Consider the impact of a tariff and a production subsidy as two infant-industry options for encouraging production at Q=6.

    Step 1: Complete the tariff column in the table below.
    Step 2: Complete the subsidy column in the table.