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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
Identify the market having a single buyer and many sellers from the following:
'A few big sellers' is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
A seller cannot influence the market price under:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
Give an example of monopsony.
Give two characteristics of perfect competition.
To which market is product differentiation relevant?
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form from the following:
A few large sellers
