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.
Answer (1)
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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