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open-market

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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. 2009.
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Legal Dictionary

Main Entry: open market
Function: noun
: a freely competitive market in which any buyer or seller may trade and in which prices are determined by competition
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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