Agro Corp.,based in the country of Arahonia,is a company that produces agricultural products.The domestic market of Arahonia is not sufficient to support Agro Corp.'s large-scale level of production because Arahonia is a small but highly industrialized country.Thus,Agro Corp.decides to sell its products to the agriculture-based country of Petinberg at less than their production cost.This process is termed as _____.

Question

Quizplus · Accepted Answer

Dumping refers to the practice of selling a product in a foreign market at a price below its production cost, often to gain market share or to unload surplus production. Agro Corp. is doing exactly this by selling its products in Petinberg at less than their production cost.

Agro Corp,Based in the Country of Arahonia,is a Company That Produces