The market price refers to the current value or cost at which a particular good, service, or financial instrument is being bought and sold in the market. It represents what buyers are willing to pay for it and what sellers are willing to accept in exchange for their property. The market price can vary depending on factors such as supply and demand, availability of substitutes, production costs, and overall economic conditions. Investors often use market prices to make informed decisions about buying or selling assets, while businesses may adjust their pricing strategies based on the prevailing market conditions.