2
Question
When price discrimination extends to two or more countries it is called __________.
When price discrimination extends to two or more countries it is called __________.
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Solution
The correct option is A dumping
Dumping is, in general, a situation of international price discrimination where the price of a product which is sold to the importing country is less than the price of the same product when sold in the market of the exporting country. It is generally perceived that dumping would result in unfair trade.
Dumping is, in general, a situation of international price discrimination where the price of a product which is sold to the importing country is less than the price of the same product when sold in the market of the exporting country. It is generally perceived that dumping would result in unfair trade.
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