Selling goods in foreign countries at price below their marginal cost is?

Assessment: JAMB UTME - Commerce - 2010 Subject: Commerce

Question 1 Report

Selling goods in foreign countries at price below their marginal cost is?
Answer Details
Selling goods in foreign countries at a price below their marginal cost is called "dumping." It is a strategy used by companies to gain a foothold in a foreign market by undercutting local competitors. Dumping is considered an unfair trade practice because it can harm the domestic industry of the importing country by making it difficult for local companies to compete. This can lead to job losses, reduced economic activity, and ultimately a negative impact on the overall economy.
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