Dumping is defined as the situation in which
A) domestic producers sell a product at prices below the cost of production.
B) foreign producers sell a product at a price below the cost of production.
C) foreign producers sell a product at a price above a fair level.
D) domestic producers cut production to drive up domestic prices.
E) domestic producers are protected by tariffs.

Question

Quizplus · Accepted Answer

Dumping is the practice of foreign producers selling their products in another country at a price below the cost of production, or below the price they charge in their home market. This can lead to unfair competition and harm domestic producers.

Dumping Is Defined as the Situation in Which