International dumping occurs when:
a. monopolistic firms charge the same price in domestic and foreign markets.
b. monopolistic firms charge a higher price in the domestic market and a lower price in the foreign market.
c. monopolistic firms charge a lower price in the domestic market and a higher price in the foreign market.
d. domestic monopolistic firms relocate operations abroad.
Ans: b. monopolistic firms charge a higher price in the domestic market and a lower price in the foreign market.
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