For each following activity, determine the amount of value-added and non-value-added costs.
Definitions:
Price
The money value projected, needed, or surrendered in purchase of something.
Imperfect Competition
A market structure that does not meet the conditions of perfect competition, characterized by firms having control over the price of their goods or services.
Marginal Revenue Curve
A graphical representation showing how additional revenue changes with an increase in the quantity of goods or services sold.
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