An imperfect market in which there is only one buyer of a commodity is?

ECONOMICS
JAMB 1990

An imperfect market in which there is only one buyer of a commodity is?

  • A. monopsony
  • B. oligopoly
  • C. monoploy
  • D. duopoly

Correct Answer: A. monopsony



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.