Why do monopolistic firms practice international dumping?
a. They face the same demand conditions in their domestic and foreign markets.
b. They face more elastic demand conditions in their domestic market than in their foreign markets.
c. They face more elastic demand conditions in their foreign market than in their domestic market.
d. They are able to take advantage of increasing costs.
Ans: c. They face more elastic demand conditions in their foreign market than in their domestic market.
Economics