What is the term for a place where goods can be bought and sold, and prices established?

The correct term for a place where goods can be bought and sold, and prices established, is "market." A market serves as both a physical or digital space where transactions take place and an economic concept where supply and demand interact to determine the prices of goods and services. In this environment, buyers and sellers come together to negotiate transactions, making the market a fundamental component of economic activity.

The other options represent different concepts. For example, "market price" specifically refers to the prevailing price at which goods or services are sold in a market, but it does not encompass the broader idea of a location or environment for transactions. "Meridian" relates to geographical terms regarding longitude and latitude, which does not pertain to goods exchange. "Minimum services" usually refers to the lowest level of services that must be provided in specific contexts, such as real estate, rather than a general trading place. Thus, "market" is the comprehensive term that aligns with the definition of a location for buying and selling goods.