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Fair price
FAIR PRICE

Definitions:

i. The amount of money that is reasonable to pay for shares, bonds, etc.

ii. A fair and reasonable price is the price point for a good or service that is fair to both parties involved in the transaction.

iii. Fair price is one that is affordable or health systems and patients and at the same time provides sufficient market incentive for industry to invest in innovation and the production of medicines.
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* All nine elements should and would be in.


1. Purposeful and necessary for all those involved... Not Bid. Asking.

2. Transaction, dealing freely gotten into by parties... Not Purchase.

3. Valuation or assessment is thoroughly, correctly done... Not Issue.

4. Knowledge and/or a knowing is guaranteed in the situation... Not Selling. Cost.

5. Usable as entry in the books for taxation, auditing purpose... Not Closing. Cash.

6. Pricing mechanism or process happens in a free market... Not Above.

7. External factors - go-between, the law - are absent... Not Reserve.

8. Benefits buyer (saving) & seller (profit); serves purpose(s)... Not Upset. Keen. Market.

9. Results in competitiveness, best practices, development, etc... Not Shadow. List. Offer.
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