Advertisements
Advertisements
Question
Monopsony is a market where the ______.
Options
seller is a price maker
buyer is a price maker
buyer is a price taker
none of the above
MCQ
Fill in the Blanks
Solution
Monopsony is a market where the buyer is a price maker.
Explanation:
Monopsony is a market with a single buyer or employer. He has control; over the market.
shaalaa.com
Alternative Market Structures
Is there an error in this question or solution?
