Question

When there is only one buyer and one seller of product, it is called _____ situation.
A) Public monopoly B) Bilateral monopoly C) Franchised monopoly D) Monopsony

Answer 1

Answer:

b)BILATERAL MOJOPOLY

Explanation:

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Answer 2

Answer:

Option B

Explanation:

Bilateral Monopoly is the situation when there is only one buyer and seller of product

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