Current Affairs · International Trade
In international trade, what does the term 'Dumping' refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Smuggling of goods without paying any customs duty
- 2Sale in a foreign market of a commodity just at a marginal cost with too much profit
- 3Sale in a foreign market of a commodity at a price below marginal cost or domestic price✓
- 4The sale of a sub-standard commodity
Correct answer
Sale in a foreign market of a commodity at a price below marginal cost or domestic price
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