The country Axton exports their auto parts to the country of Bularny. The price that Axton charges is a significantly lesser price than the same auto part is sold for in Bularny. This practice severely threatens the auto parts industry in Bularny. This practice is known as?

Question

Quizplus · Accepted Answer

Dumping refers to the practice of exporting a product to a foreign country at a price lower than the domestic market price or the cost of production. This can harm the importing country's local industry by undercutting local prices and threatening local businesses.

The Country Axton Exports Their Auto Parts to the Country