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प्रश्न
Identify the market having a single buyer and many sellers from the following:
विकल्प
Monopoly
Monopsony
Perfect competition
Monopolistic competition
उत्तर
Monopsony
Explanation:
In a monopsony market system, there is only one buyer, and hence that buyer has tremendous power over demand. Because there are so many vendors, the buyer can obtain significant bargaining power and determine their terms.
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संबंधित प्रश्न
How is Perfect competitive market is different from a monopoly market?
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Following is the feature of perfect competition:
A seller cannot influence the market price under:
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
What is meant by pure competition?
What is monopsony?
What are selling costs?
Identify the market form for the item given below:
A single seller
Elaborate the price discrimination feature of monopoly.
