A market which consists of many sellers and only one buyer is called a:
A. monopoly.
B. monopolistic competitor.
C. oligopoly.
D. monopsony.
Answer: D
Economics
You might also like to view...
Which agreement removes customs and passport controls at the common borders of many EU countries?
What will be an ideal response?
Economics
When spending by the federal government exceeds net taxes, _____
a. the price level tends to fall b. the money supply must fall c. the aggregate demand curve shifts rightward d. aggregate supply moves rightward e. there is a federal budget surplus
Economics