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प्रश्न
Which among the following is a feature of monopsony market?
पर्याय
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
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
'Homogeneous products' is a characteristic of ______.
Indian Oil Corporation Limited is an example of a/an ______.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Which of the following market types has the fewest number of firms?
What is perfect competition?
What is meant by oligopoly?
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Trucks
To which market is price discrimination relevant?
