Consider the following statements: 1. Sporadic dumping is selling of g

1.	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?
Answer» 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?

Answer»

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?

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