An American firm recently criticized a Chinese steel producer for charging a lower price for their products in Canada than they charge in China.If proven to be true,the Chinese firm has engaged in:

Question

Quizplus · Accepted Answer

The act of charging a lower price for a product in a foreign market than in the domestic market is known as "dumping." This practice is considered unfair competition as it can harm local industries and distort markets. Therefore, if the American firm's claim is true, the Chinese steel producer has engaged in dumping.

An American Firm Recently Criticized a Chinese Steel Producer for Charging