According to the Text a Market Is Defined as

For example see XeroxTrademark According to Neo-classical economic theory consumers can benefit from commoditization since perfect competition usually leads to lower prices. Commoditization can be the desired outcome of an entity in the market or it can be an unintentional outcome that no party actively sought to achieve.

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Market value or OMV Open Market Valuation is the price at which an asset would trade in a competitive auction setting.

. Market value is often used interchangeably with open market value fair value or fair market value although these terms have distinct definitions in different standards and differ in some circumstances.

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