In the context of international trade,_____ is defined as selling goods in a foreign market at a price below their costs of production or as selling goods in a foreign market at below their "fair" market price.

Question

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In the context of international trade,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.There is a difference between these two definitions;the fair market value of a good is normally judged to be greater than the costs of producing that good because the former includes a "fair" profit margin.

In the Context of International Trade,_____ Is Defined as Selling