International economics: Define the practice known as dumping in foreign trade. Focus on the pricing behavior of exporters relative to cost or home-market price. Choose the most accurate definition.

Given data

• Term: Dumping.
• Context: International trade/antidumping law.

Concept/Approach Dumping refers to discriminatory pricing by exporters: charging a lower price abroad than the normal value (home-market price) or even below cost, often to capture or distort the foreign market.

Reasoning • Correct definition highlights selling below normal value/cost in export markets. • Other options either keep prices equal, misplace the market (imports), or describe different policies.

Common pitfalls Equating dumping with any price difference regardless of cost or intent; ignoring the comparison with home-market price/cost.

Final Answer Selling exports in a foreign market at a price lower than the home-market price or below cost to gain market share