Match the various terms relating to ‘Fixation of Price’ in Column-I with their respective
statements in Column-II:
Column-I Column-II
(a) Product cost (i) Actually, it fixes the price of the product.
(b) Utility of the product (ii) It determines the upper limit of the price.
(c) Extent of competition (iii) It sets the lower limit of the price.
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,(a) (iii)
(b) (i)
(c) (ii)
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