Earlier quoted context omitted.
Can you provide a case history of an industry destroyed in this manner (selling below cost), where the dumper goes on to enjoy monopoly profits?
None of the cases I could read about discussed monopoly profits (so I guess, no - although it was not my argument). Rather they focused on the destruction of what were otherwise perfectly good industrial bases. So I suppose the point I'd like to refute is that "dumping is always a losing game for the dumper". The following article: http://www.nap.edu/read/5902/chapter/28 Discusses the case of the British steel indust…
It is interesting that the forerunner of the EU was the ECSC, the European Coal and Steel Community. It created a free trade zone with a large enough market for big efficient plants, transitioned inefficient mines and plants out of operation without causing social shock, and provided a collective tariff defence against US dumping.