Question $17(2$ points$)$

What is dumping in the context of international trade?

Dumping is the practice of charging a lower price for a product in foreign markets than in the firm's home market, potentially below cost.

Dumping is the act of selling surplus goods in foreign markets at a higher price.

Dumping refers to the practice of charging a higher price for a product in foreign markets than in the firm's home market.

Dumping is a strategy to increase prices in foreign markets compared to the domestic market.