MARKETPRICE

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.

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market price

Noun

  1. 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.
  2. On restaurant menus, used to mean the price charged depends on the price of supplies, which may vary.


The above text is a snippet from Wiktionary: market price
and as such is available under the Creative Commons Attribution/Share-Alike License.

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