A market where there is only one seller is called a:

Name: A market where there is only one seller is called a:
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A monopoly market is a market in which there is only one seller who holds all the control over the price and supply of a particular good or service. There are no substitutes or competitors that can offer alternatives to consumers. Therefore, the monopolist can charge a higher price than in a competitive market, restricting the production and thus increasing profits.

A Market Where There Is Only One Seller Is Called