Advertisements
Advertisements
प्रश्न
What is monopsony?
Define monopsony.
परिभाषा
एक पंक्ति में उत्तर
उत्तर
Monopsony refers to a situation in which there is a single buyer of a commodity and in which the entry into the market by other buyers is impossible.
shaalaa.com
Forms of Market Structure
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Give an example of oligopoly.
State the advantage of monopolistic competition over monopoly.
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Define monopoly.
Give an example of monopoly.
To which market is price discrimination relevant?
Why do producers incur high selling costs in an imperfect market?
