Antidumping laws:
A) protect consumers from the high prices charged by monopolistic foreign producers.
B) set the maximum price a foreign producer can charge.
C) are used in an effort to control the minimum price of imported products.
D) make it illegal for a foreign producer to sell a product at a price level lower than domestic producers.
E) force foreign producers to sell below cost if they want to compete with a nation's domestic producers.

Question

Quizplus · Accepted Answer

Antidumping laws are designed to prevent foreign producers from selling goods below a fair market value, often below the cost of production, to protect domestic industries. They aim to set a minimum price for imports to prevent dumping.

Antidumping Laws