COMPETITION AND HIDDEN MONOPOLY IN THE MARKETS OF UZBEKISTAN

Abstract

In order to maintain and strengthen his market position in a competitive environment, an entrepreneur must constantly work on himself, look for ways to reduce the cost of goods, introduce marketing, and advertise. In the literature, agreements on mutual agreement, increase, and coordination of prices by competitors without competition are called cartel agreements (collusion). It is said that such cooperation of competitors in setting prices allows them to act like a "hidden" monopoly.

Keywords

Market, economy, competition