Business Studies, asked by nishantrajaug3663, 1 year ago

When there is one buyer and many sellers then that situation is called

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Answered by reenkri2017
0
A buyer's monopoly, or "monopsony", is a market situation where there is only one buyer and many sellers. This situation gives the buyer considerable power to demand concessions from sellers, since the sellers have no alternative to selling to the buyer.
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