Answer-Minimum Support Price (MSP) is fixed on the basis of

The MSP is fixed by the government based on several factors, primarily the total cost of production, to ensure farmers receive a minimum profit margin for their crops and to safeguard their interests.

Question

Minimum Support Price (MSP) is fixed on the basis

A Average cost of production

B Equal to average cost

C Marginal cost of production

D Total cost of production

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Minimum Support Price (MSP) is fixed on the basis

Solution