Dumping is defined as
A) selling a good abroad at prices above the costs of the firms in the foreign countries.
B) exporting goods that are of inferior quality.
C) selling a good abroad at prices below its cost of production or below the price charged in the home market.
D) exporting goods that are sources of pollution.

Question

Quizplus · Accepted Answer

Dumping is the practice of selling goods at a price lower than their cost of production or lower than the price charged in the home market. This can harm domestic industries by making it difficult for them to compete with the artificially low prices of the dumped goods. Therefore, option C is the most accurate definition of dumping.

Dumping Is Defined as