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      Question

      Identify the incorrect statement.

      A Support Price helps regulate the incomes of the farmers. Correct Answer Incorrect Answer
      B MC=MR at equilibrium in case of perfect competition. Correct Answer Incorrect Answer
      C Price Ceiling is the minimum price fixed by the government. Correct Answer Incorrect Answer
      D Equilibrium price is the price which clears the market. Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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