Oditor, Vol. III, No. 02/2017

THE ROLE AND SIGNIFICANCE OF ANTI-MONOPOLY POLICY IN CONTEMPORARY BUSINESS CONDITIONS
Milan Mihajlović[1], Nedžad Imamović[2], Nebojša Dragović[3]

Date received: 30.07.2017.
Date accepted: 12.08.2017.
UDK: 346.545/.546
339.13.025
JEL: D42, M21

Abstract

The existence of non-competitive market structures has unfavorable consequences for
economic efficiency, and thus social welfare. Contemporary economic analysis identifies different effects of non-competitive market structures. Non-competitive market structures have significant consequences on production efficiency, i.e. factor productivity, and in this way social welfare. Good anti-monopoly policy has to be well balanced and flexible, in order to minimize the negative effects of noncompetitive market structures.

Key words: anti-monopoly policy, market structures, competitiveness.

---

[1]Milan Mihajlović Ph.D., Assistant Professor, University of Defence, Military Academy, Pavla Jurišića Šturma street no. 33, Belgrade, Serbia, Phone: +381 64 302 19 51, E-mail: milan.mih83@gmail.com
[2]Nedžad Imamović Ph.D., Assistant Professor Ministry of Defence, Accounting centre, Gardijska street no. 7, Belgrade, Serbia, E-mail: nedzad.imamovic@mod.gov.rs
[3]Nebojša Dragović Ph.D., Assistant Professor, University of Defence, Military Academy, Pavla Jurišića Šturma street no. 33, Belgrade, Serbia, email: nebojsadragovic@gmail.com