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dissertation kardiologie mainz - administered price. a price for a PRODUCT that is set by an individual producer or group of producers. In PERFECT COMPETITION, characterized by many very small producers, the price charged is determined by the interaction of market demand and market supply, and the individual producer has no control over this contrast, in an OLIGOPOLY and a MONOPOLY, . Jan 22,  · The price of a commodity which is dictated by an independent agency and not arrived at through negotiations between buyers and sellers Is called administered price. In most of the cases, the independent agency is the government but it may also be the management of a firm who enjoys a considerable market share or monopoly in the market. Thus, administered price . Apr 19,  · An administered price is dictated by an entity that can supersede the effects of supply and demand. For example, a government regulatory commission can set the price at which electricity will be charged to customers. Similarly, a company with a monopoly over a key raw material can set a price that is higher than the market would otherwise pay. things to write an essay on

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