Selling a commodity abroad for less than is charged in the home market or less than the cost of production is known as _____

Question

Quizplus · Accepted Answer

Dumping is the practice of selling a product in a foreign market at a price lower than its cost of production or less than what it is sold for in the domestic market. This is done with the intention of driving competitors out of business and establishing a monopoly. It is often considered an unfair trade practice and is subject to anti-dumping laws and regulations.

Selling a Commodity Abroad for Less Than Is Charged in the Home