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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 : ______
पर्याय
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
'Homogeneous products' is a characteristic of ______.
A seller cannot influence the market price under:
Indian Oil Corporation Limited is an example of a/an ______.
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 |
Pick the option which does not belong to the group.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Give two characteristics of perfect competition.
Why is there no need for selling cost under perfect competition?
Identify the market form for the following:
Telecom industry in India.
Give an example of monopoly.
