What does the term "Dumping" refer to in international trade?

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Selling defective productsOffering goods in a foreign market at prices lower than the marginal costPricing products in a foreign market exactly at marginal cost with minimal profitIllegally importing goods without paying customs duties

Explanation

Dumping occurs when a company exports a product to another country at a price below its marginal cost, often to gain market share or eliminate competition. It is different from selling poor-quality goods, pricing at marginal cost, or smuggling.