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negotiated market
ne·go·ti·at·ed mar·ket (plural ne·go·ti·at·ed mar·kets)


noun 
Definition:
 
market with direct negotiations: a market where each transaction is negotiated directly between buyer and seller
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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