- administered price
: a price determined by the conscious price policy of a seller rather than by impersonal competitive market forces
* * *a price that is determined administratively rather than by changes in supply and demand.
* * *administered price,a price fixed by a company's administrative action instead of being subject to frequent changes through the interplay of supply and demand on the open market.
Useful english dictionary. 2012.
Look at other dictionaries:
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