Dumping involves foreign producers: A. attempting hostile takeovers o

QUESTION

Dumping involves foreign producers:

A. attempting hostile takeovers of domestic firms and usurping the available resources for production.

B. indiscriminately exploiting the natural resources of a foreign country to create a later demand that can be met only by imports.

C. eliminating competition by subsidizing prices in a foreign market with home market profits and eventually raising prices to earn substantial profits.

D. capturing the niche market rather than the masses.

E. exporting only a small quantity of their products into an importing country.

ANSWER

C