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open market

noun
1.
an unrestricted competitive market in which any buyer and seller is free to participate.
Origin
1760-1770
1760-70
Related forms
open-market, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for open-market

open market

noun
1.
  1. 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
  2. (as modifier): open-market value
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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