When a firm sells a product in a foreign country below its domestic price or below its actual cost, the practice is referred to as
A) loss-leader pricing.
B) surplus marketing.
C) dumping.
D) second-market pricing.
E) entrepreneurial pricing.

Question

Quizplus · Accepted Answer

Dumping is the practice of selling a product in a foreign market at a price lower than its domestic price or below its cost of production.

When a Firm Sells a Product in a Foreign Country