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प्रश्न
Identify the market form for the item given below:
A single buyer
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उत्तर
The market form where there is a single buyer is called a monopsony.
संबंधित प्रश्न
Define Discriminating Monopoly.
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Differentiated products is a characteristic of ______.
"The price of a product under perfect competition is determined by an individual seller."
The seller in a monopoly market is a price maker.
Which of the following market types has the fewest number of firms?
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
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 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Producers in a monopoly are price makers. Briefly explain.
Define product differentiation.
Why is there no need for selling cost under perfect competition?
Name the market in which there is a single buyer and many sellers.
What is the effect on price when a monopoly firm tries to sell more?
Identify the market form from the following.
Firm is a price maker.
Identify the market form from the following.
Perfect knowledge
Mention one feature of a monopoly market.
What is a price making firm?
