Answer the following statements true (T) or false (F)

1.Antidumping duties result in an increase in consumer surplus.
2.The result of antidumping duties is to impose a floor on foreign prices.
3.According to U.S. trade law, dumping is defined as selling a product at a price that is greater than fair value.
4.The most likely/common reason for international dumping is that firms are international price discriminators, responding to different demand conditions in different markets.


1.False
2.True
3.False
4.True

Business

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