Theory and practice of international trade, world market price: "closed market" price-how to understand the distribution price. Thank you.
Closed market price means that commodity prices are affected by some other factors, such as monopoly prices and the prices of multinational companies. Transfer price is a closed market price, which refers to the low or high price adopted by multinational companies to reduce costs, transfer profits and evade future foreign exchange control, which deviates from the normal commodity price.