Monopsony means

CA Foundation · Business Economics · MTP · April 2025
Monopsony means
(A) A. Where there are large firms
(B) B. There is a single buyer
(C) C. Small number of large buyers
(D) D. Single seller and single buyer

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. There is a single buyer

Topics: Price Determination in Different Markets

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