The practice used by foreign based entities of selling products in Australia at prices below the market value in the country where the product is produced at prices that could harm an Australian industry is known as:
A)predatory pricing
B)penetration pricing
C)dumping
D)collusive pricing

Question

Quizplus · Accepted Answer

Dumping is the practice of selling products in a foreign country at a lower price than the price charged in their domestic market. This can harm Australian industries as they may struggle to compete with the artificially low-priced imports. This is why governments often impose anti-dumping measures to protect their domestic industries. Predatory pricing is the practice of selling products at a low price to drive competitors out of the market, while penetration pricing is the practice of initially setting a low price for a new product to attract customers. Collusive pricing is when companies collude to set prices together.

The Practice Used by Foreign Based Entities of Selling Products