The home firm is considering whether to enter the Foreign market. The product is sold at home for $28, and in the foreign market it would be sold for $19.
a. The United States DOC determines whether dumping takes place. In order to determine this, they calculate the "fair market value" of a good and the "dumping margin". There are 3 ways to determine the fair market value. The first way is simply to use the price of the product in the exporter's (home) market as the fair market value.
i. What are the other 2 ways that the fair market value can be determined?