When a Firm Dumps a Product in Another Country, It

question 34

Multiple Choice

When a firm dumps a product in another country, it sells it at

• A)a lower price in the foreign market, where the demand is more price-inelastic compared to the home market, where it is more elastic.
• B)a higher price in the foreign market, where the demand is more price-elastic compared to the home market, where it is less elastic.
• C)a lower price in the foreign market, where the demand is more price-elastic compared to the home market, where it is less elastic.
• D)a higher price in the foreign market, where the demand is more price-inelastic compared to the home market, where it is more elastic.
• E)the same price in the foreign market, where the demand is less price-elastic compared to the home market, where it is more elastic.

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Definitions:

Real Property

Land and anything permanently attached to it, such as buildings or trees.

Physical Property

An attribute of a physical system or body; commonly refers to properties like mass, volume, and density that can be observed and measured without changing the substance itself.

Personal Property

Any movable property that is not attached to real estate; includes both tangible and intangible items.

Fee Simple Absolute

Ownership rights entitling the holder to use, possess, or dispose of the property however he or she chooses during his or her lifetime.