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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
Selling costs are absent in perfect competition market.
'Homogeneous products' is a characteristic of ______.
"The price of a product under perfect competition is determined by an individual seller."
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Producers in a monopoly are price makers. Briefly explain.
Give two characteristics of perfect competition.
Highlight the importance of selling costs in a monopolistically compatible market.
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
Motor car market in India.
Which type of market structure is the following? Give reason.
Mobile phone services
