A market structure in which there is only a single buyer and a single seller is known as:

CA Foundation · Business Economics · PYQS · September 2024
A market structure in which there is only a single buyer and a single seller is known as:
(A) A. Bilateral Monopoly
(B) B. Monopsony
(C) C. Oligopoly
(D) D. Duopoly

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Bilateral Monopoly

Topics: Price Determination in Different Markets

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