Administered prices

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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
Editor of Education
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.