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Question

Consider the following statements:

1. Sporadic dumping is selling of goods at a low price in the foreign market to get rid of the inventory stocks.

2. Predatory dumping is selling a product at a lower price in foreign markets due to differences in elasticity of demand at home and in the foreign market.

3. Persistent dumping is destroying of competitors even at a loss initially and then, after eliminating of competitors, selling product at a high price.

Which of the above statements are correct?


A

All of these

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B

Only 2 & 3

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C

Only 1

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D

None of these

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Solution

The correct option is C

Only 1


Predatory dumping is destroying of competitors even at a loss initially and then, after eliminating of competitors, selling product at a high price.

Persistent dumping is selling a product at a lower price in foreign markets due to differences in elasticity of demand at home and in the foreign market.


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