Official-priced

Official-priced refers to a product or service that is sold or offered at a price determined and set by the manufacturer, producer, or governing body. This price is typically the standard rate, the one the majority of sellers will adhere to, and is often established to maintain market stability, reflect production costs, or adhere to regulations. It signifies a legitimate and sanctioned price point, contrasting with discounted, black market, or artificially inflated costs. The term can apply to a wide range of goods, from electronics and books to tickets and government services.

Official-priced meaning with examples

• The new smartphone's release was highly anticipated, and retailers quickly displayed it with the official-priced tag. Consumers, eager to get their hands on it, were undeterred by the price, knowing it reflected the phone's value and features. Many pre-ordered, happy to secure it at the set price to avoid possible scarcity.
• Due to the rise in raw material costs, the bakery adjusted the official-priced of their signature sourdough loaves. While some customers expressed concern, most understood that the price hike was necessary to maintain quality. The bakery wanted to remain competitive, while staying within established parameters.
• The concert tickets were only available from authorized vendors at the official-priced. Scalpers attempted to resell their own tickets at exorbitant markups; but, many fans refused to pay more. This policy protected legitimate consumers from being exploited by those wanting an instant profit.
• As part of the project, all of the necessary government documents were available at the official-priced cost through a local distribution service. No other means or service was permitted to sell the same official documents. This made it easy and guaranteed that the price was always standardized.