An alleged example of _____ occurred in 1997,when two Korean manufacturers of semiconductors,LG Semicon and Hyundai Electronics,were accused of selling dynamic random access memory chips in the U.S.market at below their costs of production.

Question

Quizplus · Accepted Answer

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.Since LG Semicon and Hyundai Electronics were accused of selling their products at below their costs of production,it refers to a case of dumping.

An Alleged Example of _____ Occurred in 1997,when Two Korean