Vol. 1 No. 5 (2023), Articles
Vol. 1 No. 5 (2023)

PRICE SETTING IN NON-COMPETITIVE MARKETS

Articles
Published 2023-10-13
Qo'zimurodova Sabohat Mamatmuso qizi
Denov Entrepreneurship and Pedagogical Institute, 4th year student of Accounting and Auditing Denov District "Improvement Department" assistant accountant
Axrorqulov Akram Sherali o'g'li
Denov Entrepreneurship and Pedagogical Institute, 3rd year student of Banking and Auditing
Norpo'latov Jonibek O'rol o'g'li
Denov Entrepreneurship and Pedagogical Institute, 3rd year student of Banking and Auditing
Hojiakbarova Maftuna Rustambek qizi
Denov Entrepreneurship and Pedagogical Institute, 3rd year student of Business Management
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Keywords

Price Setting, Non-Competitive Markets, Imperfect Competition, Monopoly, Market Power, Consumer Welfare, Economic Policy

How to Cite

PRICE SETTING IN NON-COMPETITIVE MARKETS. (2023). Yangi O’zbekistonda Tabiiy Va Ijtimoiy-Gumanitar Fanlar Respublika Ilmiy Amaliy Konferensiyasi, 1(5), 117-119. https://universalpublishings.com/index.php/gumanitar/article/view/2300
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Abstract

Price setting in non-competitive markets, characterized by imperfect competition or monopolistic conditions, presents unique challenges and implications for economic policy. This article explores the fundamental principles, mechanisms, and consequences of price setting in non-competitive markets. It discusses the factors influencing pricing decisions, the role of market power, and the implications for consumer welfare. Furthermore, it delves into the policy options available to regulate non-competitive markets and mitigate potential adverse effects.

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References

Tirole, J. (1988). The Theory of Industrial Organization. The MIT Press.

Perloff, J. M. (2018). Microeconomics. Pearson.

Posner, R. A. (2001). Antitrust Law. University of Chicago Press.

Salop, S. C., & Scheffman, D. T. (1987). Raising rivals' costs. The American Economic Review, 73(2), 267-271.