Definitions for "Fair price"
In anti-dumping cases, the price to which the export price is compared, which is either the price charged in the exporter's own domestic market or some measure of their cost, both adjusted to include any transportation cost and tariff needed to enter the importing country's market. See dumping.
a price agreed in advance by both sides, which covers true production costs and gives producers a profit
The equilibrium price for futures con-tracts. Also called the theoretical futures price.
Keywords:  unknowable, abstraction
an unknowable abstraction