Example of persistent dumping with example if a product?

Answer 1

Persistent dumping occurs when a company sells a product in a foreign market at a price lower than its cost or below the price it charges in its home market, often to gain market share or eliminate competition. An example is when a smartphone manufacturer sells its devices in developing countries at significantly reduced prices compared to its home market, aiming to penetrate those markets aggressively. This practice can harm local competitors and disrupt market dynamics, leading to potential trade disputes.