Monopoly Price Determination by the Supervisory Body: A Case Study of Violation of Anti-Monopoly Legislation

Abstract

Aim. The presented study aims to analyze methods of monopoly price determination as part of public supervision and to identify ways of preventing violation of anti-monopoly legislation. Tasks. The authors examine methods of monopoly price determination by the supervisory body and the existing litigation approaches, identify problems of monopoly price determination, and summarize judicial practices of antimonopoly authorities relating to the determination and application of monopoly prices. Methods. This study uses general scientific methods of cognition to examine litigation practices relating to the determination and application of monopoly prices. Results. Determination and support of a monopoly price by the dominant economic entity is a violation of anti-monopoly legislation. In order to be able to make informed decisions on the improvement of the anti-monopoly policy, it is necessary to thoroughly examine the practices of monopoly price determination, analysis from the legal and economic perspective, generalization, and systematization. Conclusion. Price growth and high level of profit embedded in the price should be economically justified. A monopoly price can be determined by analyzing target cost calculations, if there are no actual costs for a particular service.