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?
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?
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.
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.
