companies, and even countries supporting their home countries, have been accused of violating this world trade organization provision by selling products for a price less than the cost of production in order to capture market share and force competitors out of the market. this is known as

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25-10-2022
Business

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companies, and even countries supporting their home countries, have been accused of violating this world trade organization provision by selling products for a price less than the cost of production in order to capture market share and force competitors out of the market. this is known as

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shardiksh890 shardiksh890 · Answer 1 · 2022-10-29T10:24:57-04:00

Selling products for a price less than the cost of production in order to capture market share and force competitors out of the market is known as “dumping” the product.

The term "dumping" is used in relation to international trade. It occurs when a nation or business exports a good at a price that is lower on the international market than it is on its home market. Dumping frequently jeopardizes the economic health of the item's manufacturer or producer in the importing country because it typically entails significant export volumes of a product.

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