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Social StudiesSocial Studies
13 April, 13:03

What does market value of a good or service mean?

OS

O

O A.

loss incurred on a good or service

SE

LLE

.

O B.

profit incurred on a good or service

OC. cost of producing a good or service

OD. current price of a good or service

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Answers (1)
  1. 13 April, 14:56
    0
    D. current price of a good or service

    Explanation:

    Market value is the price of the goods or services on the current market.

    It is estimated through the value of the goods or services, the highest price that the buyer is willing to pay and the lowest price for which the seller is willing to give out the goods or services. If the valuation of the product pr service is high, the market value or the price will be higher.
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