A/An _____ is a market with only one buyer.

Name: A/An _____ is a market with only one buyer.
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A monopsony is a market in which there is only one buyer for a product or service, while a monopoly is a market in which there is only one seller. A cartel is a group of businesses that collude to limit competition, and an oligarchy is a market in which a small number of large firms dominate the industry. Therefore, the best choice for a market with only one buyer is monopsony.

A/An _____ Is a Market with Only One Buyer