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Question : __________________ is the price for which product is actually sold in the market. 

Option 1: Factor cost

Option 2: Market price

Option 3: Net factor income paid to abroad

Option 4: Net factor income from abroad.


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Market price


Solution :

The price at which a good or service can currently be purchased or sold is known as the market price. The price at which a thing is sold in the market is known as the market price.
Hence, Option B is correct.

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