Start learning 50% faster. Sign in now
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.
Who is being appointed as the Chief Coordinator of G20 Summit 2023?
What is the formation day of Madhya Pradesh?
Who has been named as India’s flag bearer for the Closing Ceremony of the Paris 2024 Olympics, following her outstanding performance at the games?
Who is the recipient of the ‘Kuvempu National Award’ for the year 2022?
Who will chair the five-member expert committee formed by Insurance Regulatory and Development Authority of India (IRDAI) comprising medical experts a...
How many universities are part of the Scholars at Risk (SAR) global network?
Which of the following banks are controlling the pilot project to launch eRupee Retail?
Which country is building the world's largest petroleum research center?
Recently RBI has imposed a penalty of Rs 27.5 lakh in which public sector bank?
The Centre has extended the tenure of the Remission of Duties and Taxes on Exported Products (RoDTEP)until _________ that will help in the exporting c...