Dumping Is Defined as

question 144

Multiple Choice

Dumping is defined as

• A) selling a good abroad at prices above the costs of the firms in the foreign countries.
• B) exporting goods that are of inferior quality.
• C) selling a good abroad at prices below its cost of production or below the price charged in the home market.
• D) exporting goods that are sources of pollution.

---

Definitions:

Total Revenue

The total amount of money received by a firm from selling its goods or services.

Total Cost

The complete amount of money required for the production of a given level of output, including both fixed and variable costs.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the profits that exceed normal expected profits.

Marginal Revenue

The surplus earnings generated by the sale of one extra unit of a product or service.