Market Price

The following provides a definition and meaning for the term Market Price:

Definition - the strict definition

The price of a commodity when sold in a given market.

Meaning - how it relates to pharmacy sales

The current price at which an asset or service can be bought or sold. Economic theory contends that the market price converges at a point where the forces of supply and demand meet. Shocks to either the supply side and/or demand side can cause the market price for a good or service to be re-evaluated.



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