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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
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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.
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संबंधित प्रश्न
Define Discriminating Monopoly.
Explain three features of Perfect competitive market.
Differentiated products is a characteristic of ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Identify the market form for the item given below:
Product differentiation
Give two examples of a monopolistically competitive market.
What is the effect on price when a perfectly competitive firm tries to sell more?
What is the difference between perfect and imperfect oligopoly?
Identify the market form from the following:
A few large sellers
Mention one feature of a monopoly market.
