_______ is situation in which a single company or group owns all or nearly all of themarket for a given type of product or service.

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Question:

_______ is situation in which a single company or group owns all or nearly all of themarket for a given type of product or service.

A.

monopsony

B.

oligopoly

C.

perfect competition

D.

monopoly

Answer» d. monopoly

Note: The above multiple-choice question is for all general and Competitive Exams in India.