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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.
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संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Following is not the feature of perfect competition:
Indian Oil Corporation Limited is an example of a/an ______.
There is no difference between perfect competition and pure competition.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
What are selling costs?
Identify the market form for the following:
Telecom industry in India.
Product differentiation is practised in monopolistic competition? Give reasons.
To which market is price discrimination relevant?
