Which of the following statements is true with respect to the concept of dumping in international trade?

Question

Quizplus · Accepted Answer

Dumping, in the context of international trade, refers to the practice where a company exports a product at a price lower than the price it normally charges in its own home market. This is often done to gain market share in the foreign market or to offload excess production. In the United States, dumping is considered an unfair trade practice and is subject to legal penalties under anti-dumping laws. These laws are designed to protect domestic industries from foreign companies that sell goods in the U.S. at an unfairly low price.

Which of the Following Statements Is True with Respect to the Concept