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प्रश्न
Identify the market having a single buyer and many sellers from the following:
विकल्प
Monopoly
Monopsony
Perfect competition
Monopolistic competition
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उत्तर
Monopsony
Explanation:
In a monopsony market system, there is only one buyer, and hence that buyer has tremendous power over demand. Because there are so many vendors, the buyer can obtain significant bargaining power and determine their terms.
संबंधित प्रश्न
Explain three features of Perfect competitive market.
How is Perfect competitive market is different from a monopoly market?
Define perfect competition.
Mention two features of monopoly.
Why is there no need for selling cost under perfect competition?
Highlight the importance of selling costs in a monopolistically compatible market.
Explain any four features of perfect competition.
Identify the market form from the following.
Perfect knowledge
There are a large number of buyers and sellers under a ______ market.
In which type of market are firms interdependent and a few large firms dominate?
