Consider the following statements regarding Anti-Dumping Duty:

1. Anti-Dumping Duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.

2. It is imposed to protect local businesses and markets from unfair competition by foreign imports.

3. The use of anti-dumping measures as an instrument of fair competition is permitted by the World Trade Organization (WTO).

Which of the statements given above is/are correct?