Administered prices refer to:
A. Prices determined by forces of demand and supply
B. Prices determined by sellers in the market
C. Prices determined by an external authority which is usually the government
D. None of the above
Answer:C
Administered prices refer to:
A. Prices determined by forces of demand and supply B. Prices determined by sellers in the market C. Prices determined by an external authority which is usually the government D. None of the above