Oditor, Vol. III, No. 02/2017
THE ROLE AND SIGNIFICANCE OF ANTI-MONOPOLY POLICY IN CONTEMPORARY BUSINESS CONDITIONS
Milan Mihajlović, Nedžad Imamović, Nebojša Dragović
Date received: 30.07.2017.
Date accepted: 12.08.2017.
JEL: D42, M21
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.
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: firstname.lastname@example.org
Nedžad Imamović Ph.D., Assistant Professor Ministry of Defence, Accounting centre, Gardijska street no. 7, Belgrade, Serbia, E-mail: email@example.com
Nebojša Dragović Ph.D., Assistant Professor, University of Defence, Military Academy, Pavla Jurišića Šturma street no. 33, Belgrade, Serbia, email: firstname.lastname@example.org