Multiple choice general knowledge

Dumping is

  1. selling of goods abroad at a price well below the production cost at the home market price

  2. the process by which the supply of a manufacture's product remains low in the domestic market, which batches him better price

  3. prohibited by regulations of GATT

  4. All of the above
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A Correct answer
Explanation

Dumping in international trade occurs when a country or company exports a product at a price that is lower in the foreign importing market than the price charged in the exporter's home market, often below the actual cost of production.

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