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प्रश्न
______ refers to a market situation when there is a single buyer of a commodity or service.
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उत्तर
Monopsony refers to a market situation when there is a single buyer of a commodity or service.
Explanation:
A monopsony is defined as market control over specified commodities or services. Monopsonies occur when individuals, corporate classifications, or other entities can position themselves as the sole purchasers of a specific item or service.
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संबंधित प्रश्न
Write a word/term/phrase for the following sentence.
Type of market where durable commodities that are generally non-perishable in nature are sold.
Write a word/term/phrase for the following sentence.
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The market can be classified on the basis of volume.
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Imperfect Market
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