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How can a firm have a negative valued added,as supposedly some state-owned businesses did in the former Soviet Union? What has to be true for value added to be negative?
Monetary Payments
Transactions involving the transfer of money in exchange for goods or services.
Price-Taker Market
A competitive market situation where individual sellers or buyers have no influence over the market price of a product.
Market Price
The current price at which an asset or service can be bought or sold in a given market.
Economic Incentive
A benefit or penalty that motivates economic behavior or decisions among individuals or organizations.
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