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What role does environment play in the process of innovation?
Depreciated Value
The reduced valuation of an asset after accounting for wear and tear, age, or obsolescence.
Market Value
The price at which an asset would trade in a competitive auction setting.
Opportunity Cost
The expense incurred from bypassing the next most favorable choice when a decision is made.
Tax Rate
The percentage at which an individual or corporation is taxed by the government.
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