Question 282009EconomicsJAMB

Dumping in international trade means selling a goodat a

A

higher price at home than abroad

B

lower price at home than abroad

C

price that equates marginal cost with marginal revenue

D

Price above marginal cost abroad

Step-by-Step Explanation

Dumping in international trade refers to the practice of selling goods in a foreign market at a price lower than the price charged in the domestic market. This strategy is often used to gain market share in the foreign market or to eliminate competition. It can lead to trade disputes and is subject to anti-dumping laws in many countries.

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