Dumping in international trade means selling a goods at a

Economics JAMB 2009

Dumping in international trade means selling a goods at a

  • higher price at home than abroad checkmark
  • lower price at home than abroad
  • price that equates marginal cost with marginal revenue
  • price above marginal cost abroad

The correct answer is: A

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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