What market situation exists where there is only one buyer and only one seller? Options: A . &nbspMonopsony B . &nbspMonopoly C . &nbspBilateral monopsony D . &nbspBilateral monopoly

What market situation exists where there is only one buyer and only one seller?

Question

What market situation exists where there is only one buyer and only one seller?

Options:

A . Monopsony

B . Monopoly

C . Bilateral monopsony

D . Bilateral monopoly

Answer: Option D

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