New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Bilateral Monopoly is the case where

    A There are two sellers Correct Answer Incorrect Answer
    B There are two buyers Correct Answer Incorrect Answer
    C A monopoly selling his product to many buyers Correct Answer Incorrect Answer
    D There is only one buyer and one seller Correct Answer Incorrect Answer

    Solution

      A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer)

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