Understanding that American consumers do not have an appetite for chicken feet, this normally 'wasted' product in North America is sold by American chicken producers very cheaply to South East Asian consumers, often below the local cost. This is a form of:
A)competition
B)monopolistic practice
C)dumping
D)globalization

Question

Quizplus · Accepted Answer

This is an example of dumping, which is selling a product in a foreign market at a price lower than the domestic cost of production or below the market price in the home country, with an aim to gain market share or destroy competition. In this case, American chicken producers are selling chicken feet below the cost, to gain market share in South East Asian countries where there is demand for chicken feet.

Understanding That American Consumers Do Not Have an Appetite for Chicken