Market Price
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A Market Price is a monetary value given by one party to another in return for goods or services.
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- Counter-Example(s):
- See: Market, Efficient-Market Hypothesis, Law of One Price, Quantity, Payment, Financial Compensation, Party (Law), Good (Economics), Service (Economics), Cost, Supply (Economics).
References
2022
- (Wikipedia, 2022) ⇒ https://en.wikipedia.org/wiki/Price#Market_price Retrieved:2022-11-30.
- In economics, the 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. Market price is measured during a specific period of time and is greatly affected by the supply and demand for a good or service. For example, if demand for a good increases and supply of the good is held constant, the price for the good will rise in a marketplace with open competition.[1]
On restaurant menus, the market price (often abbreviated to m.p. or mp) is written instead of a specific price, meaning "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.Template:Cn
- In economics, the 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. Market price is measured during a specific period of time and is greatly affected by the supply and demand for a good or service. For example, if demand for a good increases and supply of the good is held constant, the price for the good will rise in a marketplace with open competition.[1]
2012
- http://en.wikipedia.org/wiki/Market_price
- In economics, market price is the economic price for which a good or service is offered in the marketplace. ...