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प्रश्न
Why does a monopsonist have the power to act as a price-maker in the factor market?
पर्याय
Sellers can easily find many other buyers
The government fixes all prices
The buyer is the only or main purchaser for that input
The product is available in unlimited quantity
MCQ
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उत्तर
The buyer is the only or main purchaser for that input
Explanation:
Since the monopsonist is the main or only buyer for a specialised input, sellers depend on it and must accept the price it offers.
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