New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Market with one buyer and one seller is called

    A Monopoly Correct Answer Incorrect Answer
    B Monopsony Correct Answer Incorrect Answer
    C Duopoly Correct Answer Incorrect Answer
    D Bilateral monopoly Correct Answer Incorrect Answer

    Solution

    Bilateral monopoly is a market structure where there is only one buyer (monopsony) and one seller of a product (monopoly)

    Practice Next