Q. The term 'Dumping' refers to

A) Sale in a foreign market of a commodity at a price below marginal cost

B) The sale of a sub­standard commodity

C) Smuggling of goods without paying any customs duty

D) Sale in a foreign market of a commodity just at marginal cost with too much of profit

✔ Correct Answer: Sale in a foreign market of a commodity at a price below marginal cost

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