During the first 6 months of 2008, the European Union (EU) initiated an anti- dumping case against China for imports of taper candles. What is dumping?
A) When China sells its candles to the EU at a lower price than other producers
B) When China does not pay the tariff on the candles
C) When China sells its candles to the EU at a lower price than China's cost of production
D) When China tries to sell more candles to the EU than is allowed by the import quota

Question

Quizplus · Accepted Answer

Dumping occurs when a country sells goods in a foreign market at a price lower than their cost of production, often to gain market share or eliminate competition.

During the First 6 Months of 2008, the European Union