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प्रश्न
Name the market in which there is a single buyer and many sellers. Give an example.
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उत्तर
A market in which there is a single buyer and many sellers is called a monopsony. A classic example of this structure is the government's purchasing of military equipment, such as fighter jets and tanks. In this scenario, the national government serves as the sole legal buyer in the country, while various private military contractors and aerospace corporations compete as sellers for the government’s purchasing contract.
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संबंधित प्रश्न
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
There is no difference between perfect competition and pure competition.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Which of the following is the least competitive market?
Which type of market structure is the following? Give reason.
Trucks
To which market is price discrimination relevant?
Elaborate the price discrimination feature of monopoly.
Name the characteristic which makes monopolistic competition different from perfect competition.
In which type of market are firms interdependent and a few large firms dominate?
