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Sagot :
Final answer:
Market value is the price a person is willing to pay for a product or service, indicating its market worth.
Explanation:
Market value refers to the price a person is willing to pay for a specific product or service, indicating its value in the market economy. It represents how much individuals perceive the worth of a particular good or service.
Learn more about Market value definition here:
https://brainly.com/question/37773123
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