_____ is the practice whereby a foreign producer intentionally sells its products in the United States for less than the cost of production to undermine the competition and take control of the market.
A) Basing point pricing
B) Spot pricing
C) Defensive pricing
D) Counterpoint pricing
E) Predatory pricing

Question

Quizplus · Accepted Answer

Antidumping laws were designed to prevent foreign producers from predatory pricing. Violators are assessed antidumping duties for selling below cost and/or countervailing duties to prevent the use of foreign government subsidies to undermine American industry. Many countries have similar laws, and they are allowed under WTO rules.

_____ Is the Practice Whereby a Foreign Producer Intentionally Sells