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market price

Syllabification: mar·ket price

Definition of market price in English:

noun

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.

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