What type of market is characterized by a single buyer?

Name: What type of market is characterized by a single buyer?
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Monopsony is a market structure where there is only a single buyer for a specific product or service. This means that the buyer has significant market power and can influence the price and quantity of goods or services in the market. It is the opposite of a monopoly, where there is only a single seller.

What Type of Market Is Characterized by a Single Buyer