Assertion: oligopoly's price | /r/HasProperty | administered
Facets:
value: by sellers
type: OTHER
Source sentences:
text: Such prices are not market prices and thus not determined by demand and supply but are administered or managed by the firms themselves either through leader-follow relationship or some sort of collusion overt or covert.
text: Whether tacit or explicit, legal or illegal, one may say that oligopolistic prices tend to be “administered” by sellers, in the senses mentioned above, as distinct from being determined by impersonal market forces.