WAEC - Economics (2017 - No. 41)
Dumping in international occurs when a foreign firm sells
above its cost of production at home and abroad
below its cost of production at home and abroad
more goods to a country than the country has need of
below its cost of production in a foreign market
Shpjegimi
Dumping is a term used in the context of 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 means exported goods are sold cheaper in the foreign market than the the exporter's domestic. that means the goods are sold below its cost of production