Answer: Option (C) is correct.
Explanation:
Correct option: The amount of money a property should sell for on the open market.
Market value is the amount of an asset that a consumer wants to purchase at. It is also the highest price that a consumer would pay and seller accept that price for a good.
It is generally difficult to estimate the value of the illiquid assets such as land or real estate and businesses. The value of these assets are normally calculated with the help of real estate appraiser.
