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    Question

    A market structure where there is a single dominant

    buyer that has significant market power, often leading to the ability to dictate terms to suppliers, including the prices they are willing to pay is known as which kind of market? 
    A Monopoly market Correct Answer Incorrect Answer
    B Monopolistic market Correct Answer Incorrect Answer
    C Pure market Correct Answer Incorrect Answer
    D Monopsony market Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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