Glossary/Administered Pricing: Difference between revisions
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(Created page with "= Glossary | Concepts | Administered Pricing = == 'House' Definition == Administered pricing refers to the practice where firms set prices based on costs, markups, and strategic goals rather than short-term supply and demand changes. It is common in industries with significant market power, where prices remain stable despite market fluctuations. == Other Definitions == == Discussion == == History == == Examples == ==...") |
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== References == | == References == | ||
* Robinson, J. (1969). The Economics of Imperfect Competition. Macmillan. | |||
Revision as of 04:55, 14 December 2024
Glossary | Concepts | Administered Pricing
'House' Definition
Administered pricing refers to the practice where firms set prices based on costs, markups, and strategic goals rather than short-term supply and demand changes. It is common in industries with significant market power, where prices remain stable despite market fluctuations.
Other Definitions
Discussion
History
Examples
References
- Robinson, J. (1969). The Economics of Imperfect Competition. Macmillan.