Dumping refers to
A)illegally disposing of unusable or damaged goods to avoid paying removal fees and/or taxes.
B)when a firm sells damaged or unsellable goods below their original production cost.
C)when a firm sells quality goods at significantly lower prices for the primary purpose of reducing inventory to make room for seasonal goods.
D)when a firm sells quality goods at significantly lower prices for the primary purpose of reducing inventory to make room for newer or more expensive models.
E)when a firm sells a product in a foreign country below its domestic price or below its actual cost.

Question

Quizplus · Accepted Answer

Dumping refers to the practice of selling a product in a foreign country below its domestic price or below its actual cost. This is often done to gain market share and drive out competition in the foreign market, and it can harm domestic industries and economies.

Dumping Refers to