Dumping in international occurs when a foreign firm sells

Assessment: WAEC SSCE - Economics - 2017 (Objective) Subject: Economics

Question 1 Report

Dumping in international occurs when a foreign firm sells

Answer Details
Dumping in international trade occurs when a foreign firm sells goods at a price that is below their cost of production in the foreign market. This can harm domestic producers by making it difficult for them to compete with the lower prices of the foreign firm. Dumping can also lead to oversupply in the market, which can depress prices and reduce profits for all producers in the industry. Some countries may impose anti-dumping measures to protect their domestic industries from this practice.
Read lesson note on International Trade (JAMB)
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