open market

noun
an unrestricted competitive market in which any buyer and seller is free to participate.

Origin:
1760–70

open-market, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
open market
 
n
a.  a market in which prices are determined by supply and demand, there are no barriers to entry, and trading is not restricted to a specific area
 b.  (as modifier): open-market value

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
Then again, it might have to buy extra allowances on the open market.
The logs are not sold on the open market as in the second proposal below.
Their wholesale customers might even include some of the big fish-processing
  plants: laundering caviar for the open market.
When a social good is put it out on the open market, it first becomes lesser in
  value, and then it becomes higher in price.
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