Микроекономска теорија као основа политике за заштиту конкуренције
Microeconomic Theory as a Basis for Competition Policy

Summary/Abstract: The paper deals with reasons resulted in anti- monopolistic (anti- trust) policy, the goals of competition policy and its historical fundamentals, as well as the experiences with the implementation of the policy in the world and in the Republic of Serbia. The points put forth in the paper have proved the following hypotheses: firstly, competition policy has been a necessary measure of intervention within high concentration industries since the Sherman Antitrust Act of 1890; secondly, sanctions imposed against monopolies and cartels are significantly lower if compared with benefits gained due to abusing their market power; thirdly, the experiences of developed countries in anti- monopolistic legislation provide useful guidelines for a more efficient implementation of competition policy in Serbia.

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