What is dumping? A)Dumping is sending surplus products as aid to poor or disaster-stricken areas. B)Dumping is hoarding scarce goods to cause an increase in price. C)Dumping is disposing of food items that don’t meet state food standards. D)Dumping is exporting goods at prices that are lower than their value.
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In economics,Dumping is a kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price below the normal price.
vishwas60:
hlo manisha
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To answer this question we need to know the meaning of dumping in economics.
Dumping is :
When manufacturers export a good to another country at a lower price than the normal price.
The main aim of damping is:
1) Increasing market share in a foreign country by driving away competition hence creating a monopoly situation.
In this case the exporter will solely dictate the prices and quality of the product.
The correct answer is thus D
Dumping is exporting goods at prices that are lower than their value.
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