Dumping is variously defined as selling goods in a foreign market at below their costs of production,or as selling goods in a foreign market at below their "fair" market value.

Question

Quizplus · Accepted Answer

This is correct. Dumping is generally defined as selling products in a foreign market at prices below their production costs or below their "fair" market value. This can be done in order to undercut local competitors and gain market share in the foreign market, which can harm domestic producers and industries.

Dumping Is Variously Defined as Selling Goods in a Foreign