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“This is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. The objective of this is to increase market share in a foreign market by driving out competition and thereby create a monopoly situation where the exporter will be able to unilaterally dictate price and quality of the product.” The tariff mentioned here is:a)Countervailing dutyb)Anti-dumping dutyc)Safeguard dutyd)Custom dutyCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about “This is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. The objective of this is to increase market share in a foreign market by driving out competition and thereby create a monopoly situation where the exporter will be able to unilaterally dictate price and quality of the product.” The tariff mentioned here is:a)Countervailing dutyb)Anti-dumping dutyc)Safeguard dutyd)Custom dutyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “This is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. The objective of this is to increase market share in a foreign market by driving out competition and thereby create a monopoly situation where the exporter will be able to unilaterally dictate price and quality of the product.” The tariff mentioned here is:a)Countervailing dutyb)Anti-dumping dutyc)Safeguard dutyd)Custom dutyCorrect answer is option 'B'. Can you explain this answer?.

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