market price
market price
English Definitions:
market value, market price (noun)
the price at which buyers and sellers trade the item in an open marketplace
market price (Noun)
The price at which a product, financial instrument, service or other tradable item can be bought and sold at an open market; the going price.
market price (Noun)
On restaurant menus, used to mean the price charged depends on the price of supplies, which may vary.
Market price
In economics, market price is the economic price for which a good or service is offered in the marketplace. It is of interest mainly in the study of microeconomics. Market value and market price are equal only under conditions of market efficiency, equilibrium, and rational expectations. On restaurant menus, "market price" is written instead of a price to mean "price of dish depends on market price of ingredients, and price is available upon request", and is particularly used for seafood, notably lobsters and oysters.
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"market price." Kamus.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.kamus.net/english/market+price>.
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