3787EconomicsMedium
The term “Dumping” means?
ASale in a foreign market of a commodity at a price below marginal cost
BSale in a foreign market of a commodity just at marginal cost without too much of profit
CSmuggling of goods without paying any customs duty
DThe sale of the sub-standard commodity
Correct answer
A. Sale in a foreign market of a commodity at a price below marginal cost
Explanation
The correct answer is Sale in a foreign market of a commodity at a price below marginal cost.