A firm buys like-new computer equipment from bankrupt companies and resells it in foreign markets at prices significantly below those charged by competitors. The firm is:
A. Engaged in dumping.
B. Engaged in price discrimination.
C. Operating in a gray market
D. Operating in a black market.
Answer:C
A firm buys like-new computer equipment from bankrupt companies and resells it in foreign markets at prices significantly below those charged by competitors. The firm is:
A. Engaged in dumping. B. Engaged in price discrimination. C. Operating in a gray market D. Operating in a black market.