These must be paid by firms as a punishment for engaging in unfair price competitionGroup of answer choicesExport tariffsCountervailing dutiesAntidumping dutiesImport tariffs
Question
These must be paid by firms as a punishment for engaging in unfair price competitionGroup of answer choicesExport tariffsCountervailing dutiesAntidumping dutiesImport tariffs
Solution
The punishment for firms engaging in unfair price competition is often in the form of Antidumping duties. These are fees that the foreign company must pay on goods that are priced below fair market value. This is done to protect domestic industries from foreign companies that may be selling goods at a lower price than what domestic companies can afford to sell them for.
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