Commerce JAMB

Selling goods in foreign countries at price below their marginal cost is?

A. dumping
B. depreciation
C. devaluation
D. discounting

Correct Answer:

Option A – dumping

Explanation

Dumping is a term used in the context of international trade. It’s when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter’s domestic market.

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