WAEC - Economics (2010 - No. 43)
Dumping means the selling of a good in a foreign market at a price that is
below the home market price
above the home market price
equal to the home market price
able to clear the home market price
Explanation
Dumping is a term used in international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market.
It is the act of charging a lower price for a product in a foreign market than the normal value of the product in the domestic market.
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