Dumping is said to occur when
A) Foreign producers sell their goods abroad at prices lower than their marginal cost of production.
B) Foreign producers sell their goods abroad at prices lower than our average cost of production.
C) Foreign producers sell their goods abroad at prices lower than those prevailing in their own countries.
D) Some foreign countries have trade surpluses and others have a trade deficit.

Question

Quizplus · Accepted Answer

Dumping occurs when foreign producers sell goods in another country at prices lower than those in their home market, often to gain market share or eliminate competition.

Dumping Is Said to Occur When