In 2000 Stelco, a Canadian steelmaker, successfully fought dumping changes against steelmakers in Brazil and other countries. "Dumping" is defined or occurs when
A) a company unloads an excess supply of the product at the best possible prices to the consumer.
B) a company must increase its prices/product prior to importing the product.
C) the company's pricing plans are below current domestic prices.
D) the company charges less that its costs but more than it charges in its home market.
E) a company charges either less than its costs or less than it charges in its home market.

Question

Quizplus · Accepted Answer

Dumping occurs when a company sells a product in a foreign market at a price either below its costs or below the price it charges in its home market. This practice can harm domestic industries in the importing country, leading to anti-dumping measures or tariffs.

In 2000 Stelco, a Canadian Steelmaker, Successfully Fought Dumping Changes