________ occurs when a firm disposes on foreign markets a temporary increases in inventories caused by unforeseen changes in supply and demand conditions in the home economy?
Correct answer: A. sporadic dumping
- A. sporadic dumping
- B. predatory dumping
- C. persistent dumping
- D. foreign dumping
Explanation
Sporadic dumping occurs when firms sell temporary excess inventory abroad, often caused by unexpected changes in domestic supply or demand. Persistent dumping is a continuing practice, while predatory dumping aims to eliminate foreign competitors.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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