A market where there is a single buyer for a product is called a:

Name: A market where there is a single buyer for a product is called a:
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A market with a single buyer for a product is called a monopsony. This is different from a monopoly, which is a market with a single seller for a product. A buyer's monopoly is not a commonly used term, and bilateral monopoly refers to a situation where there is only one buyer and one seller in a market.

A Market Where There Is a Single Buyer for a Product