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Identify the market form for the item given below: A single buyer - Economic Applications

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प्रश्न

Identify the market form for the item given below:

A single buyer

एक पंक्ति में उत्तर

उत्तर

The market form where there is a single buyer is called a monopsony.

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Forms of Market Structure
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३८]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 23. (iv) | पृष्ठ १३८
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 22. (iv) | पृष्ठ ११६

संबंधित प्रश्न

'A few big sellers' is a characteristic of ______.


A monopolist is price maker:


Indian Oil Corporation Limited is an example of a/an ______.


Which among the following is a feature of monopsony market?


Which of the following statements are true?

  1. Monopolistically competitive markets have high selling costs.
  2. Monopolistically competitive markets sell homogeneous goods.
  3. Any firm can start a business in a monopolistically competitive market.

The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.


Read the following statements carefully and choose the correct alternative:

Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.

Reason (R): The products offered for sale in the perfect market are homogeneous.


Mention two features of monopoly.


Give an example of oligopoly. 


State the advantage of monopolistic competition over monopoly. 


Identify the market form for the item given below:

A single seller


Discuss any four differences between monopoly and monopolistic competition.


Which type of market structure is the following? Give reason.

Lipstick


Why can a monopolist charge different prices in different markets?


To which market form are homogeneous products relevant? 


Name the market which has characteristics both of monopoly and perfect competition. 


There are a large number of buyers and sellers under a ______ market.


What is a price making firm?


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