Multiple Choice
When a firm dumps a product in another country, it sells it at
A) a lower price in the foreign market, where the demand is more price-inelastic compared to the home market, where it is more elastic.
B) a higher price in the foreign market, where the demand is more price-elastic compared to the home market, where it is less elastic.
C) a lower price in the foreign market, where the demand is more price-elastic compared to the home market, where it is less elastic.
D) a higher price in the foreign market, where the demand is more price-inelastic compared to the home market, where it is more elastic.
E) the same price in the foreign market, where the demand is less price-elastic compared to the home market, where it is more elastic.
Correct Answer:

Verified
Correct Answer:
Verified
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