administered price
Americannoun
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
One big reason they are so high, believe Tennessee's Democratic Senator Estes Kefauver and Wyoming's Democratic Senator Joseph C. O'Mahoney, is the "administered price," which largely ignores demand in deference to industry's effort to improve profits.
From Time Magazine Archive
An administered price is a price set by someone, usually a producer or a seller, and kept constant for a period of time and for a series of transactions.
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
