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English definition of “market price”

market price

noun [S]    
a price that is likely to be paid for something: They're asking £400,000 for their flat, but the market price is nearer £350,000.Mortgages and real estateRenting, hiring and hire purchase in general Renting propertyCosts and expenses
(Definition of market price noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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