A monopolist's price is "less than fair value" when it sells in export markets at prices ________ prices in its domestic markets or at prices _________ its average costs of production.

Question

Quizplus · Accepted Answer

A monopolist's price is considered "less than fair value" when it sells in export markets at prices below those in its domestic markets or at prices below its average costs of production, which is a practice often referred to as dumping.

A Monopolist's Price Is "Less Than Fair Value" When It