Dumping occurs when a foreign firm
A) sells inferior output to foreigners.
B) disposes of waste materials in other countries.
C) sells its exports at a lower price than its cost of production.
D) pollutes international waters.

Question

Quizplus · Accepted Answer

Dumping occurs when a foreign firm sells its exports at a lower price than its cost of production, often to gain market share in a foreign market.

Dumping Occurs When a Foreign Firm