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A market with only one buyer or controlled by one buyer.
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Net Marketing Margin
The price spread minus the costs associated with either moving a commodity from one location to another or storing the commodity over time. A measure used to assess the price arbitrage incentives.
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Niche Market
A market associated with a special attribute of a product.
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Nominal Prices
Prices that have not been adjusted for inflation. The nominal price is equal to the money that is paid for a unit of a good or service in the market, at the shop, etc.
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