Illustrates the term Dumping
Illustrates the term Dumping?
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While monopolist works in home market and also foreign market, he is capable to discriminate the price among these two markets. When he has monopoly in home market, and he faces competition within foreign market, he will be capable to charge higher prices for his products under home market. That practice is termed as Dumping or price dumping.
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When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a move to equilibrium at D0L, S1L would be probably to follow from increases in: (w) rates of technological advance. (x) the cost of living. (y) labor force participati
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