Economics · Economy
Which price is fixed by the government based on the recommendation of CACP, taking into account the average cost of production, primarily aimed at protecting farmers against an excessive fall in prices during surplus production?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Procurement Price
- 2Ceiling Price
- 3Minimum Support Price✓
- 4Issue Price
Correct answer
Minimum Support Price
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