Dumping is the sale of a product in a foreign market

A) at a price below its domestic price or cost of production.
B) that does not meet the quality standards in the domestic market.
C) and is the principal means used to enforce nontariff barriers.
D) and is encouraged by voluntary export restraints.

Dumping

The practice of exporting goods at a price lower than the home market price, often considered unfair competition.

Foreign Market

An external market outside the domestic borders where goods, services, and securities are traded or sold.

Cost of Production

The total expense incurred in manufacturing goods or providing services, including raw materials, labor, and overhead costs.