Administered pricing is an attempt to establish prices for an entire market.

Question

Quizplus · Accepted Answer

Administered pricing refers to the practice where a company, group of companies, or a governmental entity sets the price of goods or services, rather than allowing them to be determined naturally through the forces of supply and demand in a free market. This can be done with the intention of stabilizing a market, achieving a social or economic objective, or maintaining profits for the producers.

Administered Pricing Is an Attempt to Establish Prices for an Entire