2 Views

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.

Related Questions

East Point College | BBA Admi...
Apply
NBA Accredited | AICTE Approved
TAPMI MBA 2025 | Technology M...
Apply
MBA Admission Open in Technology Management and AI & Data Science | NAAC A++ | Institution of Eminence | Assured Scholarships
Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
East Point College | MBA Admi...
Apply
NBA Accredited | AICTE Approved
Chitkara University MBA Admis...
Apply
NAAC A+ Accredited | 100% CAMPUS RECRUITMENT
Amrita Vishwa Vidyapeetham | ...
Apply
Recognized as Institute of Eminence by Govt. of India | NAAC ‘A++’ Grade | Upto 75% Scholarships | Extended Application Deadline: 30th Jan
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books