KAL draws Dumping Words rather than actions

The video explains how firms aim to make money but may use dumping, selling goods below production cost, to undercut competitors. This strategy is often used by larger firms to weaken smaller rivals. Countries may retaliate against foreign dumping with measures like quotas and duties, potentially leading to trade tensions. The World Trade Organization often mediates such disputes. While genuine dumping is rare, accusations are common.

What actions might countries take in response to foreign firms dumping cheap goods?

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Discuss the role of the World Trade Organization in trade disputes related to dumping.

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