A monopsony is a market with a single
A) seller
B) buyer
C) firm

Name: A monopsony is a market with a single A) seller B) buyer C) firm
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Question

Quizplus · Accepted Answer

A monopsony is a market with a single buyer. This means that the buyer has market power and can influence the price and quantity of the goods or services being offered. In contrast, a monopoly is a market with a single seller, and an oligopoly is a market with only a few sellers.

A Monopsony Is a Market with a Single