Question
Which of the following correctly defines the term
‘monopsony’?Solution
Explain: 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.
In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
COMPLAIN...
Select the most appropriate antonym of the bold word.
He was reluctant to leave the village for the job he liked the most.
Choose the one which best expresses the meaning of the given word .
Euphoria
Select the most appropriate meaning of the idiom:
"To throw in the towel"
- In the following sentence, choose the word opposite in meaning to the bold word to fill in the blank.
Although the professor's explanation was verb... Find the word with the appropriate similar meaning of the word in Italic from the options given:
The CEO appreciated the manager's astute decis...
- In each of the following questions, a pair of words is given. This pair is followed by four other pairs, one of which has a relationship most similar to th...
In each of the following questions, three out of four words given have the same meaning. Mark the number as your answer which is different in meaning f...
Find out the appropriate word.
Select the most appropriate synonym of the given word
Fascination
