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Then \\(v\\Sigma\\) t is the collection of all t-subsets of V. Let k,t be positive integers such that \\(t<k<v\\). The elements of \\(v\\Sigma\\) k are called blocks. A (v,k,t) trade of volume s consists of two disjoint collections \\(T_ 1\\) and \\(T_ 2\\) each consisting of s blocks such that for every element of \\(v\\Sigma\\) t the number of blocks containing this element is the same in both \\(T_ 1\\) and \\(T_ 2\\). If s equals zero the trade is said to be void. The set of treatments covered by \\(T_ 1\\) is the same as that for \\(T_ 2\\) and this common set is called the foundation of the trade.    The author motivates the study of the structure of (v,k,t) trades by observing that when a t-(v,k,\\(\\lambda)\\) design D contains the collection \\(T_ 1\\) of a (v,k,t) trade, then replacing the blocks of \\(T_ 1\\) in D by the blocks in \\(T_ 2\\) of the trade yields another t-(v,k,\\(\\lambda)\\) design. The following results are proved:    (i) The minimum foundation size of a nonvoid (v,k,t) trade is \\(k+t+1.\\)    (ii) For \\(v\\geq k+t+1\\), the minimum volume of a nonvoid (v,k,t) trade is \\(2^ t.\\)    (iii) The nonvoid (v,k,t) trades with the minimum foundation size \\(k+t+1\\) and minimum volume \\(2^ t\\) exist and have a unique structure.    (iv) For any v,k and t, \\(t\\geq 2\\), there is no (v,k,t) trade of volume \\(2^ 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