Advertisements
Advertisements
प्रश्न
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
विकल्प
Duopoly
Monopolistic
Monopsony
None of these
Advertisements
उत्तर
Single seller in the market : Monopoly
Single buyer in the market : Monopsony
Explanation:
A monopsony is characterised by a single buyer in the market, comparable to a monopoly involving a single seller. Due to a lack of competition from other purchasers, the monopsony buyer has great power over the purchase price and terms.
APPEARS IN
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Explain three features of Perfect competitive market.
There is no difference between perfect competition and pure competition.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
To which market is product differentiation relevant?
What induces new firms to enter an industry?
In what respects does oligopoly differ from monopoly?
There are a large number of buyers and sellers under a ______ market.
Which statement correctly describes monopsony?
