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JAMB Commerce 2010 Question 18

Question 18

Foreign Trade

Selling goods in foreign countries at prices below their marginal cost is

  1. A.dumping
  2. B.depreciation
  3. C.devaluation
  4. D.discounting.
Show the answer and explanation

Answer: A (dumping)

Explanation

Dumping is selling exports abroad at prices below their cost or home price.