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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1126303
Introduction to Economics 1 Deneme Sınavı Sorusu #1126303
What are markets in which there exist only one buyer and many sellers called?
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Univaraite |
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Monopoly |
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Oligopoly |
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Monopsony |
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Oligopoliy |
Yanıt Açıklaması:
Most of the markets are imperfectly competitive. The extreme cases of imperfect competition are monopoly and monopsony. Monopoly is a market where there is only one seller. Monopsonist markets are the ones in which there exist only one buyer and many sellers.
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