Question

When there is only one buyer and one seller of product, it is called _____ situation?

Answer 1

When there is only one buyer and one seller of product, it is called _____ situation?

Ans-- It is monopoly situation. In this there is only one buyer and seller for exchange of goods and services

Answer 2

HELLO!!
YOUR ANSWER IS

A SITUATION WHEN THERE IS ONLY ONE BUYER AND ON SELLER OF PRODUCT IS CALLED A MONOPOLOGY SITUATION. ..


THANK U!!