Advertisements
Advertisements
प्रश्न
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
विकल्प
Duopoly
Monopolistic
Monopsony
None of these
उत्तर
Single seller in the market : Monopoly
Single buyer in the market : Monopsony
Explanation:
A monopsony is characterised by a single buyer in the market, comparable to a monopoly involving a single seller. Due to a lack of competition from other purchasers, the monopsony buyer has great power over the purchase price and terms.
APPEARS IN
संबंधित प्रश्न
'A few big sellers' is a characteristic of ______.
Imperfect knowledge is a characteristic feature of:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
What are selling costs?
Identify the market form for the following:
Railways in India.
Identify the market form for the item given below:
A single buyer
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Explain any four features of perfect competition.
Which market form has the least number of producers?
What is the difference between perfect and imperfect oligopoly?
