Question

The Minimum Support Price (MS

  • P for major crops, recommended by the Commission for Agricultural Costs and Prices (CAC
  • P , is generally based on which broad cost concept as the primary basis, with another cost concept considered as a reference benchmark for reasonable returns?
A A2 cost only
B A2+FL cost
C C2 cost fully as the sole basis
D Market price of the previous year only
E International price parity only
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