Administered prices

Updated: Aug 20, 2021

Prices which are set consciously by a single decisiontaking body, e.g. a monopoly firm, a cartel or a government agency, rather than being determined by the free play of market forces.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.