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प्रश्न
Which among the following is a feature of monopsony market?
विकल्प
Price discrimination
Single buyer
Single seller
Price taker
उत्तर
Single buyer
Explanation:
A monopsony market is defined by a single buyer who controls the market. Due to a lack of competition from other buyers, this single buyer has tremendous power over the purchase prices and conditions.
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संबंधित प्रश्न
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Following is the feature of perfect competition:
A seller cannot influence the market price under:
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Identify the market form of the following:
Goods sold are homogeneous.
Give an example of monopoly.
Which type of market structure is the following? Give reason.
Mobile phone services
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What is meant by barriers to entry?
Why an individual firm under perfect competition cannot influence the market price?
