__________ exists when products are sold in a country below what it cost to produce the product.
A) Perfect competition
B) Monopolistic competition
C) A gray market
D) Dumping

Question

Quizplus · Accepted Answer

Dumping is the practice of selling products in a country at a price lower than the cost of production, which can harm domestic producers and cause trade tensions between countries. It is often done by foreign companies with the intention of gaining market share or driving competitors out of business.

__________ Exists When Products Are Sold in a Country Below