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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
Differentiated products is a characteristic of ______.
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.
Mention two features of monopoly.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Give an example of monopsony.
Highlight the importance of selling costs in a monopolistically compatible market.
State the market form of the following commodity.
Fighter Aircrafts
Product differentiation is practised in monopolistic competition? Give reasons.
Identify the market form from the following.
Price discrimination
In which market form is there a single seller and no close substitutes for the product?
