Dumping in international trade means selling a goods at a
ECONOMICS
JAMB 2009
Dumping in international trade means selling a goods at 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
Correct Answer: A. higher price at home than abroad
Explanation
Dumping is an international price discrimination in which an exporter firm sells a portion of its output in a foreign market at a very low price and the remaining output at a high price in the home market
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