administered price

noun

: a price determined by the conscious price policy of a seller rather than by impersonal competitive market forces

Word History

First Known Use

1934, in the meaning defined above

Time Traveler
The first known use of administered price was in 1934

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Cite this Entry

“Administered price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/administered%20price. Accessed 22 May. 2024.

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