When a good is put onto the global market at a price below the cost to produce it, this is known as
A) the infant-industry argument.
B) dumping.
C) a quota.
D) protection of domestic jobs.

Question

Quizplus · Accepted Answer

This is known as dumping - when a company or country sells goods below the cost of production or below the price charged in the home market. It is often done to gain market share or drive competitors out of business.

When a Good Is Put onto the Global Market at a Price