Why is it difficult to determine the market price of a private corporation's shares at any point in time?

Question

Quizplus · Accepted Answer

The market price of a private corporation's shares is difficult to determine because there is no organized market for its shares. Unlike publicly traded companies, whose shares are traded on stock exchanges and their prices are readily available, private corporations' shares are not publicly traded. Thus, it is challenging to determine their value and the right price to sell or buy them.

Why Is It Difficult to Determine the Market Price of a Private