Market Value Is

question 5

Multiple Choice

Market value is

• A)the price where demand and supply meet
• B)the lowest amount that a seller will accept in the market
• C)the average of the three most recent sales transactions in an industry
• D)the net realizable value of a business's fixed assets

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Definitions:

Bushel

A unit of volume that is used primarily in the United States to measure agricultural commodities, equivalent to approximately 35.24 liters.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, enabling beneficial trade.

Absolute Advantage

The capacity of a nation, individual, organization, or area to generate a product or offer a service at a cost per unit that is less than what any other party can produce that same good or service for.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on when choosing one option over another.