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Dumping in international trade means selling a goods at a

Economics
JAMB 2009

Dumping in international trade means selling a goods at a
  • A. higher price at home than abroad
  • B. lower price at home than abroad
  • C. price that equates marginal cost with marginal revenue
  • D. price above marginal cost abroad
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Correct Answer: Option A
Explanation
Dumping is an international price discrimination in which an exporter firm sells a portion of its output in a foreign market at a very low price and the remaining output at a high price in the home market

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Myschool's prices for products & services are going up again in February - Buy what you need now
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