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प्रश्न
Which among the following is a feature of monopsony market?
विकल्प
Price discrimination
Single buyer
Single seller
Price taker
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उत्तर
Single buyer
Explanation:
A monopsony market is defined by a single buyer who controls the market. Due to a lack of competition from other buyers, this single buyer has tremendous power over the purchase prices and conditions.
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संबंधित प्रश्न
Explain three features of Perfect competitive market.
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
"The price of a product under perfect competition is determined by an individual seller."
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Give three points of difference between perfect competition and monopoly.
State two important characteristics of monopoly.
State the market form of the following commodity.
Fighter Aircrafts
Which market form has the least number of producers?
Name the market which has characteristics both of monopoly and perfect competition.
