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What is "market price"

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market price
Longman Dictionary of Contemporary English
market price
noun
EXAMPLES FROM CORPUS
▪ Again, it is the market price on the date of the breach which is important.
▪ Could this be the prevailing market price for corn?
▪ Disappointed by the low market price for fresh chiles, Tran turned his crop into more profitable hot sauce.
▪ In the former case there were no restrictions and thus land changed hands at the full market price.
▪ Only a minority of properties are rented and few at a market price.
Wiktionary
market price

n. 1 (context economics English) The price at which a product, financial instrument, service or other tradable item can be buy and sell 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.

WordNet
market price

n. the price at which buyers and sellers trade the item in an open marketplace [syn: market value]

Wikipedia
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" (often abbreviated to m.p. or mp) 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.

Market Price [MP] B. 1979 is a U.S. based fine artist specializing in oils and acrylics. He is most known for his "Singularity" logo featuring a Doberman Pinscher transposed with a Bird of Paradise flower.

Usage examples of "market price".

Sensing that the true value of those issues was higher than the market price indicated, they would buy in measured quantities, allowing the Dow (and other market indicators) to increase again until a point of equilibrium was reached, and confidence restored.

But if you'll resign from Struan's right now, agree in writing to sell us as much of your treasury stock as we want at market price at Monday's closing, agree to appoint a new tai-pan of our board's choosing, we'll announce that we're supporting Struan's totally.

If $2 is the free market price, then Americans and Europeans pay 400 per cent over the odds, price discrimination explicitly protected by TRIPS.

The artistry was breathtaking, and Rethnor could not help but calculate the market price of some of the artifacts he passed as he waded through the silent halls.

Khat was well known in this area, and people brought him relics to value for the bargain market price of a few copper bits.