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This document summarizes a paper titled "A Theory of the Determination of the Mark-up Under Oligopoly" by Alfred S. Eichner. The paper examines empirical evidence that many large firms set prices as a percentage markup over costs, contrary to economic theory which assumes price-taking behavior. It attempts to provide a theoretical explanation for what determines the percentage markup. It also relates this "cost-plus" pricing model to other developments in managerial models of the firm and post-Keynesian mac

Author

çilem güner

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EN