Flower growers in Columbia and Ecuador were accused of selling roses to U.S. distributors at illegally low prices to undercut domestic growers. This practice is most likely an example of:

Question

Quizplus · Accepted Answer

Selling goods in a foreign market at lower prices than those charged in the domestic market or below the cost of production to undercut domestic competitors is known as dumping. This practice can harm the domestic industry of the importing country by undercutting local businesses.

Flower Growers in Columbia and Ecuador Were Accused of Selling