|Overview: Market Price|
|Definition||A price determined by supply and demand.|
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What is a Market Price?
John Spacey, January 10, 2016 updated on January 14, 2023
Market price is a price determined by supply and demand. The effect of a market price depends on the degree to which a particular good or service is commoditized. Pure commodities such as materials and many agricultural products are typically sold at a market price. Strongly differentiated products such as luxury goods aren't as strongly effected by market prices.
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