Question:medium

The market situation where there is only one buyer in the market is called

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Remember the differences in market terms:
- "Mono-poly" = One Seller (poly- = seller).
- "Mono-psony" = One Buyer (opsonia- = buying).

Updated On: Jul 24, 2026

Monopoly
Monopsony
Perfect market
Monarchy

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The Correct Option is B

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