MANAGEMENT

Detailed explanation-1: -Predatory dumping refers to foreign companies anti-competitively pricing their products below market value to drive out domestic competition. Those who practice predatory dumping are forced to sell at a loss until the competition is wiped out and monopoly status is achieved.

Detailed explanation-2: -Firms benefit if an antidumping law is imposed unilaterally on rival firms, so they are tempted to lobby for a law. ‘ However, profits fall if laws are bilaterally imposed. Instead, consumers gain.

Detailed explanation-3: -Anti-dumping Duty: At times, exporters attempt to capture foreign markets by selling goods at rock-bottom prices, such practice is called dumping. As a result of dumping, domestic industries find it difficult to compete with imported goods. To offset anti-dumping effects, duties are levied in addition to normal duties.

Detailed explanation-4: -Detailed Solution. Key Points Dumping is the commercial practice of selling goods abroad in which the company sells goods abroad at a price less than the value of the goods sold in their country. This is done to conquer new markets by creating monopolies by eliminating competition.