Dumping is a strategy used by one country to distort the market of another country for the product that is dumped. Which of the following strategies does a country adopt to ‘dump’ a product in another country?
It exports the product at a price less than that in its domestic economy.
It exports the product at a price less than the cost of production for that product.
Both (A) and (B)
None of the above
• Dumping is a predatory pricing strategy in international trade, where countries export products at a price that is less than the nominal price. This means the price of the product in the exported country is less than the price in the domestic market and may also be less than the cost of production.
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