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            <h1>'Open Market' Defined: Free Trade, Unrestricted Competition, and Prices Governed by Supply and Demand</h1> The term 'Open Market' is defined in legal terminology as a market where any buyer or seller can trade, with prices and product availability determined by free competition. According to Black's Law Dictionary, it is a market characterized by unrestricted trading, while P. Ramanatha Aiyer's Advanced Law Lexicon emphasizes that prices are governed by supply and demand. This concept was referenced in a Supreme Court case involving a corporate entity, highlighting its relevance in legal and commercial contexts.

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