An equation is proposed for the pulsation of a single cavity in an abnormally compressible bubbly liquid which is in pressure equilibrium and whose state is described by the Lyakhov equation. In the equilibrium case, this equation is significantly simplified. Numerical analysis is performed of the bubble dynamics and acoustic losses (the profile and amplitude of the radiation wave generated on the bubble wall from the side of the liquid). It is shown that as the volumetric gas concentration k 0 in the equilibrium bubbly medium increases, the degree of compression of the cavity by stationary shock wave decreases and its pulsations decrease considerably and disappear already at k 0 = 3%. In the compression process, the cavity asymptotically reaches an equilibrium state that does not depend on the value of k 0 and is determined only by the shock-wave amplitude. The radiation wave takes the shape of a soliton whose amplitude is much smaller and whose width is considerably greater than the corresponding parameters in a single-phase liquid.Introduction. Although theoretical studies of bubbly media have been performed for a long time, a "collective" velocity potential that would allow one to derive an equation for the pulsation of an individual bubble in a system of interacting bubbles has not been constructed. For example, in models such as the Iordanskii-Kogarkovan Wijngaarden (IKW) model, this interaction is taken into account indirectly, through the pressure field [1-3]. The main feature of the IKW model is that the bubbly medium is treated as a homogeneous medium in which averaged density, pressure, and velocity are determined. The state of the medium at each time is described by a system of relations, including the equations of state for the mixture and the liquid and gaseous components, which are closed by a kinetic equation -the Rayleigh equation for a single bubble, in which the pressure at infinity on the right side is replaced by the average pressure in the medium [4]. This means that, in essence, the IKW model and its numerical analogs do not consider bubbles and take into account the special property of the medium considered -the pulsation nature of the change in state and the peculiar transfer of the energy of the wave field to the kinetic energy and internal energy of the medium and back. If necessary, the model predicts what occurs with any bubble in the system at any point of the space studied. This concept of the interaction of the field and medium turned out to be adequate to real physical processes that occur not only in artificially produced bubbly systems during their interaction with shock waves [4-6] but also in liquid media with natural microinhomogeneities, in which dynamic loading by rarefaction waves (phases) leads to the occurrence of cavitation processes [7]. Garipov [8] was apparently one of the first to undertake an attempt to construct the "collective" potential. A simple model for the interaction of two bubbles and the pressure waves radiated by them was studied by Fujikawa and Takahir...