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A ___________occurs in an industry where there is only one producer of a good and onlyone supplier.

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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.