Price Mt Gox

[jp]

Please forgive the noob question, but how is price calculated on the Mt Gox exchange?

Thanks in advance.

-JP

[Jack of Diamonds]

http://bitcoincharts.com/markets/mtgoxUSD.html

[jp]

Sorry, but it's still not clear to me.... is there a FAQ somewhere?

Thanks.

[davout]

People sell coins to other people who buy them, they both have acceptable price they're willing to buy/sell for mtgox simply reports the trade that happened