Prices are called "administered" when
A. firms set their own prices for some period of time rather than letting daily market forces determine their prices.
B. they are determined through negotiations between buyers and sellers.
C. they fall below the "suggested list price."
D. a marketing manager has to change the strategy every time a customer asks about the price.
E. government intervenes to ensure that prices fluctuate freely in response to market forces.
Answer: A
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