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Question
______ market has one seller and many buyers.
Options
Perfect
Perfectly
Monopoly
Monopsony
MCQ
Fill in the Blanks
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Solution
Monopoly market has one seller and many buyers.
Explanation:
A monopoly is a market structure in which a single seller has complete control over the whole industry, including pricing and supply. In contrast, many purchasers in the market have no other options and must accept the monopolist's pricing.
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