A firm that is selling a product at or below cost on foreign markets in order to drive foreign producers out of business is engaging in
A) international price discrimination.
B) persistent dumping.
C) predatory dumping.
D) sporadic dumping.

Question

Quizplus · Accepted Answer

Predatory dumping involves selling a product at or below cost in foreign markets with the intent of driving local competitors out of business, after which prices can be raised.

A Firm That Is Selling a Product at or Below