market price — current cost
collocationB1IELTS 5+neutralcommon
The amount of money something is selling for right now in the market.
Say it like a native
Textbook We sold it at the price currently prevailing in the market.
Native We sold it at the market price.
'Market price' is the fixed term; spelling out 'the price prevailing in the market' is clumsy.
Pattern: market price (of something)
In use
- The market price of tomatoes goes up in winter because they are harder to grow.money
- If house prices keep rising, many young people will not be able to buy a home at the current market price.IELTS speaking
Common mistake
✗ We sold at the marketing price.
✓ We sold at the market price.
It's 'market price' (the going rate), not 'marketing price'.
Common collocations
the market price— the current market price, below market price, at market price, fair market value
Don't confuse it
Unlike 'retail price', which is set by a store, 'market price' depends on what buyers and sellers agree on.