Question
Which of the following correctly defines the term
‘monopsony’?ÂSolution
Explain: Â A monopsony is a market condition in which there is only one buyer, the monopsonist. It is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. A monopoly contains a single firm that produces goods with no close substitute.
Statements: All actors are directors.
Some directors are dancers.
All dancers are writers.
Con...
Statements:
Every Jacket are Shirt.
Few Shirt are Trouser.
Only a few Trouser are Skirts.
Conclusions:
I. ...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if t...
Statements : Some tablets are vowels.
No vowel is a letter.
All letters are words.
Conclusions:I. Some tablets are not letters.
Statements:Some villages are towns.
Some towns are huts.
All huts are rivers.
Some rivers are tents.
Conclusions:I. Some t...
In the given question, two conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of s...
Statements: All pearls are diamonds.
All diamonds are gold
All gold are silvers.
Conclusions: I. All pearls are silvers.
...
In the given question, three conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of...
Two statements are given, followed by three conclusions numbered I. II and III. Assuming the statements to be true, even if they seem to be at variance...
Statements: All schools are colleges.
No college is a institute.
Conclusions: I. Some colleges are not institutes.
II. Some schoo...
