Wave surfboards are produced in Australia and sold in both Australia and in the United States.The price in the United States for the surfboards is below the price charged for them in Australia.This is an example of dumping.

Question

Quizplus · Accepted Answer

Dumping refers to selling products in a foreign market at a price lower than their normal value, in order to gain an unfair advantage over local competitors. In this case, the price of wave surfboards in the United States is below their normal value in Australia, which could be seen as an attempt to undercut American competitors or gain market share.

Wave Surfboards Are Produced in Australia and Sold in Both