CUET Preparation Today
CUET
Geography
Fundamentals of Human Geography: International Trade
Dumped goods tend to _________.
Benefit the domestic producers
Harm the domestic producers
Tend to harm the consumers
Have no effect on the domestic economies
The correct answer is Option 2: Harm the domestic producers
Dumping means selling goods in a foreign country at a price lower than their cost or lower than the price in the home country.
This leads to unfair competition.
As a result, domestic producers suffer because they cannot sell their products at such low prices and may lose their market share.