Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 28RQ: What is dumping? Why does prohibiting it often work better in theory than in practice?
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Question
What is dumping?
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Step 1
The dumping is international price discrimination. Price discrimination refers to the situation where the same product is sold at different prices to different buyers.
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