MCQOPTIONS
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| 1. |
Sellers reserve price means |
| A. | The seller refuses to sell the product till the minimum price (covering the cost of production) is offered |
| B. | Seller refuses to sell the product at any price |
| C. | Seller demands the price for whole of his product |
| D. | A price which includes economic profits |
| E. | A price determined for a batch of production |
| Answer» B. | |