1. Suppose that Airbus sells jetliners in the United States at prices below fair value, to drive Boeing out ofbusiness and then become a monopoly. This conduct is known as

A. sporadic dumping.

B. persistent dumping.

C. predatory dumping.

D. subsidization dumping

E. quota dumping

2. Which of the following statements is (are) correct?

(x) Sporadic (distress) dumping would occur if domestic orange producers dispose of an excess quantity oforanges, resulting from an abnormally large harvest, by selling them at lower prices abroad than at home

(y) A common reason for international dumping is that firms are international price discriminators,responding to different demand conditions in different markets.

(z) A firm would increase profits from dumping if it charged a lower price at home, where demand is inelastic,and a higher price abroad, where demand is elastic.

A. (x), (y) and (z)

B. (x) and (y) only

C. (x) and (z) only

D. (y) and (z) only

E. (y) only

3. The margin of dumping is calculated as

A. difference between the foreign market value and the foreign price.

B. difference between the local market value and the U.S. price.

C. difference between the U.S. market value and the foreign price.

D. difference between the foreign market value and the U.S. price.

E. difference between the local market