Market, auction market

Trade in which the price of the good is determined through the interaction of free decisions by buyers and sellers, as on the floor of the stock exchange or an auction (market in which the prevailing price is determined through the free interaction of potential buyers and sellers, as on the floor of the stock exchange). – See auction, fixed price procedure, tender procedure, auctioneer.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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