Prices set by a seller and offered on a take-it-or-leave-it basis to prospective buyers are called:
A) Supplier prices
B) Seller prices
C) Constrained prices
D) Administered prices
E) Forced prices

Question

Quizplus · Accepted Answer

Administered prices are prices set unilaterally by a seller, without negotiation or bargaining with the buyer. They are also known as "list prices" or "fixed prices" and are used in situations where there is little or no competition, such as in monopolies or oligopolies.

Prices Set by a Seller and Offered on a Take-It-Or-Leave-It