Advertisements
Advertisements
प्रश्न
Which among the following is a feature of monopsony market?
विकल्प
Price discrimination
Single buyer
Single seller
Price taker
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
Define Discriminating Monopoly.
Indian Oil Corporation Limited is an example of a/an ______.
Which of the following market types has the fewest number of firms?
Define monopolistic competition.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
State the market form of the following commodity.
Railways
Give an example of monopoly.
What induces new firms to enter an industry?
There is inverse relation between price and demand for the product of a firm under ______.
In which market form is there a single seller and no close substitutes for the product?
