When rice producers from China sold rice for a lower price in Japan as compared to the price charged in China, it appeared the Chinese rice producers were engaging in _____.
A) price fixing
B) phony price lists
C) agricultural rebate
D) overstocking
E) dumping

Question

Quizplus · Accepted Answer

Selling a product at a lower price in an export market as compared to the price charged in the domestic market is called dumping. This is a common practice by companies to gain market share in foreign markets by undercutting local producers.

When Rice Producers from China Sold Rice for a Lower