Question

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प्रशासित कीमत क्या है ?
What is the administered price?​

Answer 1

Explanation:

Administered prices are prices set by firms that do not vary in response to short-run fluctuations in demand and supply conditions. Context: This price rigidity has been viewed by some economists as arising from the exercise of market power.

Answer 2

Administered prices are prices of goods set by the internal pricing structures of firms that take into account cost rather than through the market forces of supply and demand and predicted by classical economics.

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