Dumping occurs when
A)a product is exported to a foreign country because demand for the product domestically has waned.
B)a company sells its exports to another country at a lower price than it sells the same product in its domestic market.
C)prices for products are lowered to the point at which revenue just covers costs.
D)a company charges less for a product than what customers are willing to pay.
E)an abundance of inventory is sold off to discount retailers to recoup costs.

Question

Quizplus · Accepted Answer

Dumping refers to the practice where a company sells its exports to another country at a lower price than it sells the same product in its domestic market. This is often done to gain market share in the foreign market or to offload surplus production.

Dumping Occurs When