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.

Question

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 · Accepted Answer

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.

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

Question : __________________ is the price for which product is actually sold in the market. Option 1: Factor costOption 2: Market priceOption 3: Net factor income paid to abroadOption 4: Net factor income from abroad.

Related Questions

Question : ________________ is the amount paid to factors of production for their contribution in the production process.

Question : ________________ is the difference between factor income received from rest of the world and factor paid to rest of the world.

Question : National Income is also called as :

Question : Which of the following is correct regarding Private Income?

Question : Which of these expressions is correct?

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

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.