Which of the following constitute the reason for difference between ma – InterviewSolution

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Which of the following constitute the reason for difference between market prices and factor cost?

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EXPLANATION:

MARKET price is BASICALLY the current price at which an asset is BOUGHT or sold in the market. It includes the cost of production in the form of wages,rent,interest,profit. etc. ... HENCE, the reason for difference between market price and factor cost is indirect taxes and subsidies.

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