⚡ Month End Offer is live - Get Flat 55% Off on All Courses • Grab it Now! Click Here 00:00:00 AM

    Question

    The type of market, when there is only one buyer of the

    product present in the market, is called:
    A monopoly market Correct Answer Incorrect Answer
    B monosony market Correct Answer Incorrect Answer
    C duopoly market Correct Answer Incorrect Answer
    D monopsony market Correct Answer Incorrect Answer

    Solution

    The type of market, when there is only one buyer of the product present in the market, is called monopsony. 

    Practice Next
    ask-question