Statement 1 : Strictly speaking, dumping is the sale of a commodity in a foreign market at a price lower than the marginal cost.
Statement 2 : If dumping could be proved then GATT / WTO accepted the imposition of special import duties.
Choose the correct answer from the options given below :
1
Statement 1 is true and Statement 2 is false
2
Statement 1 is false and Statement 2 is true
3
Both Statements are true
4
Both Statements are false