Share this entry

market price Syllabification: mar·ket price

Definition of market price in English:


The price of a commodity when sold in a given market: the world market price for nonfat dry milk
More example sentences
  • Alternatively, internal transfers of coal could be made at cost price or at market price.
  • No profit-maximizing firm would sell below the market price; to do so would mean needlessly giving up revenue.
  • A monopolist can determine the market price for its product and can be described as a price maker rather than a price taker.

Definition of market price in:

Share this entry


What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day coiffeur
Pronunciation: kwɑːˈfəː
a hairdresser