Final answer:
Valerie's situation, where she feels undercompensated despite earning more than the market rate, is described as positive inequity in the field of business.
Step-by-step explanation:
Valerie feels that she is paid a lower salary than other project managers in her field, but in reality, her salary is 10 percent above the market rate. This situation refers to positive inequity, where an individual perceives that they are receiving less than they deserve despite actually getting more. This is different from negative inequity, where a person would indeed be receiving less than their comparators. Positive inequity can still lead to dissatisfaction since the individual's perception does not match reality.