Dumping refers to a situation when a company:
A) exports to a foreign market at a price that is either higher than the domestic prices in that country or higher than the cost of production.
B) imports to the domestic market at a price that is either higher than the domestic prices in that country or higher than the cost of production.
C) exports to a foreign market at a price that is either lower than the domestic prices in that country or less than the cost of production.
D) manufactures goods and sells them in the same country at a price which is lower than the prices in that market.
E) exports to a foreign market at a price that is either the same or higher than the country from where the goods are being exported.

Question

Quizplus · Accepted Answer

Dumping occurs when a company exports a product to a foreign market at a price lower than the price in the domestic market or below the cost of production, often to gain market share.

Dumping Refers to a Situation When a Company