Administered prices refer to
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An administered price is the price of a good or service as dictated by a government or centralized authority, as opposed to market forces of supply and demand. ... In market economies, certain administered prices can exist in the form of price ceilings or rent controls.
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The United States Office of Price Administration (OPA) was a federal agency in World War II established to prevent wartime inflation. In April 1942 the OPA issued a general maximum-price regulation that made prices charged in March 1942 as the ceiling on prices for most
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