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Minimum price legislation is used to protect the interests of 

Economics
WAEC 2024

Minimum price legislation is used to protect the interests of 

  • A. Small scale producers.
  • B. foreign companies.
  • C. government.
  • D. consumers.
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Correct Answer: Option A
Explanation

 A: minimum prize is the act of setting the price above the equilibrium. It is used to protect producers.

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