Administered prices
id:
administered-prices-238-6110584
title:
Administered prices
text:
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. They were first described by institutional economists Gardiner Means and Adolf A. Berle in their 1932 book The Modern Corporation and Private Property. As Means argued in 1972, "Basically, the administered-price thesis holds that a large body of industrial prices do not behave in the fa
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Administered_prices
date created:
date modified:
2023-10-22T22:46:26Z
main entity:
{"identifier":"Q358844","url":"https://www.wikidata.org/entity/Q358844"}
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fields total:
13
integrity:
13