[amp_mcq option1=”Dumping” option2=”Perfect competition” option3=”Oligopoly” option4=”Duopoly” correct=”option1″]<\/p>\n
The correct answer is A. Dumping.<\/p>\n
Dumping is the practice of selling goods in a foreign market at a price below their cost of production. This can be done to gain market share, drive competitors out of business, or to retaliate against trade barriers.<\/p>\n
Perfect competition is a market structure in which there are many buyers and sellers of a homogeneous product, and no one buyer or seller has a significant amount of market power. In a perfectly competitive market, prices are determined by the forces of supply and demand, and firms earn zero economic profit in the long run.<\/p>\n
Oligopoly is a market structure in which there are a small number of large firms that dominate the market. In an oligopolistic market, firms have a significant amount of market power, and they can influence prices.<\/p>\n
Duopoly is a market structure in which there are only two firms that dominate the market. In a duopolistic market, firms have a great deal of market power, and they can influence prices significantly.<\/p>\n
In the case of dumping, the firm is selling goods in a foreign market at a price below their cost of production. This is not a situation of perfect competition, oligopoly, or duopoly, because in these market structures, firms would not be able to sell goods at a price below their cost of production.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Dumping” option2=”Perfect competition” option3=”Oligopoly” option4=”Duopoly” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-54277","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n