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Question
The practice of selling goods in a foreign country at a price below their domestic selling price is called
Options
discrimination
dumping
double pricing
predatory pricing
MCQ
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Solution
The practice of selling goods in a foreign country at a price below their domestic selling price is called dumping
Explanation:
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 either below the price charged in its home market or below its cost of production.
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Economic Current Affair (Entrance Exam)
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