Question
Download Solution PDFWhat does the term 'Dumping' refer to?
This question was previously asked in
Bihar Police Constable Memory Based Paper (Held On : 22 Oct 2017)
Answer (Detailed Solution Below)
Option 2 : Sale in a foreign market of a commodity at a price below marginal cost
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Download Solution PDF• 'Dumping' refers to the sale in a foreign market of a commodity at a price below marginal cost.
• 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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