ABSTRACT
Many criticize the economic underpinnings of antidumping laws, but these critiques are often unsophisticated. They tend to focus on some microeconomic justifications for below-cost pricing, which are addressed in detail in the next chapter. They also frequently advance the argument-with varying degrees of complexity--that antidumping laws impose new duties, which have a variety of generally acknowledged bad effects, such as higher consumer costs and protection of inefficient domestic producers.
