Advertisements
Advertisements
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 : ______
पर्याय
Duopoly
Monopolistic
Monopsony
None of these
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Which one of the following is NOT found in a perfectly competition market?
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Identify the market form of the following:
Motor car market in India.
Identify the market form for the item given below:
Product differentiation
With the help of an example explain the meaning of price discrimination.
Why can a monopolist charge different prices in different markets?
Which market form has the least number of producers?
Identify the market form from the following.
Firm is a price maker.
Name the characteristic which makes monopolistic competition different from perfect competition.
