What is dumping? Who benefits and who loses from dumping?
What will be an ideal response?
Dumping refers to selling a product for a price below its cost of production. Consumers benefit by paying a lower price for the product being dumped. Other producers of similar products lose because they must lower their prices to compete with the dumped product.
Economics
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In this economic system, private citizens own all of the factors of production to make products and create profits.
A. socialist economy B. Capitalist economy C. Command economy D. Mixed socialist economy
Economics
The long-run aggregate supply curve is ________ because along it, as prices rise, the money wage rate ________
A) vertical; falls B) vertical; rises C) upward sloping; falls D) upward sloping; stays constant
Economics