A ___________occurs in an industry where there is only one producer of a good and onlyone supplier. May 1, 2021 by admin Question: A ___________occurs in an industry where there is only one producer of a good and onlyone supplier. A. bilateral monopoly B. monopoly C. monopsony D. duopoly Answer» a. bilateral monopoly Note: The above multiple-choice question is for all general and Competitive Exams in India.