Dumping is defined as a(n) _____.
A) exporter selling below cost abroad
B) company reducing prices after eliminating rivals
C) firm engaging its rival in multiple markets
D) domestic company selling above cost

Question

Dumping is defined as a(n) _____.
A) exporter selling below cost abroad 
B) company reducing prices after eliminating rivals 
C) firm engaging its rival in multiple markets 
D) domestic company selling above cost

Quizplus · Accepted Answer

Dumping is when a company exports a product at a price below its cost of production or below the price it charges in its home market. This is done with the intention of gaining market share or driving competitors out of business.

Dumping Is Defined as A(n) _____