When a product is sold in a foreign country at a price that is lower than the cost of production, it is called

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Selling a product in a foreign country at a price that is lower than the cost of production is known as dumping. It can be used as a competitive strategy to gain a foothold in a new market or to drive out local competition. However, it is considered illegal in many countries and can result in the imposition of anti-dumping duties.

When a Product Is Sold in a Foreign Country at a Price