When goods in the domestic market are sold at a high price and in the foreign market at a low price, it…
Dumping is a form of international price discrimination in which a firm sells a commodity at a higher price in the less-elastic domestic market and at a lower price in the…
Choose your answer
When goods in the domestic market are sold at a high price and in the foreign market at a low price, it is a situation of :
Answer and explanation
Correct answer A
Dumping is a form of international price discrimination in which a firm sells a commodity at a higher price in the less-elastic domestic market and at a lower price in the more-elastic foreign market.
Practice for these exams
-
UGC NET Commerce