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प्रश्न
Name the market in which there is a single buyer and many sellers. Give an example.
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उत्तर
A market in which there is a single buyer and many sellers is called a monopsony. A classic example of this structure is the government's purchasing of military equipment, such as fighter jets and tanks. In this scenario, the national government serves as the sole legal buyer in the country, while various private military contractors and aerospace corporations compete as sellers for the government’s purchasing contract.
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संबंधित प्रश्न
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Explain three features of Perfect competitive market.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
Market for toilet soaps in India.
Define monopoly.
Give two examples of a monopolistically competitive market.
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?
