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प्रश्न
Which among the following is a feature of monopsony market?
पर्याय
Price discrimination
Single buyer
Single seller
Price taker
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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.
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संबंधित प्रश्न
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
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 : ______
There are no substitute goods in a monopoly market. Give a reason to support your answer.
State the advantage of monopolistic competition over monopoly.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
Goods sold are homogeneous.
Name the market in which there is a single buyer and many sellers.
Explain the main characteristics of a monopoly.
What is meant by the term ‘price taker’?
Elaborate the price discrimination feature of monopoly.
