The selling of a good or service abroad at a price below production costs is
A) marginal cost selling.
B) price discrimination.
C) price differentiation.
D) dumping.

Question

Quizplus · Accepted Answer

Dumping refers to the practice of selling a good or service at a price below its production cost in a foreign market. This is often done to gain market share and drive out competition. It is generally considered to be an unfair trade practice and is prohibited by most countries.

The Selling of a Good or Service Abroad at a Price