Since 1980, however, markups have increased significantly: on average, firms charged 67 percent over marginal cost in 2014, compared with 18 percent in 1980. If true (I have not read the paper) holy shit. That is staggering.
Since 1980, however, markups have increased significantly: on average, firms charged 67 percent over marginal cost in 2014, compared with 18 percent in 1980. If true (I have not read the paper) holy shit. That is staggering.