Bilateral monopoly arises when a _ seller faces __ buyer.

single, single

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single, few

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few, few

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few, single

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Solution

The correct option is A single, single
Bilateral monopoly is a situation where there are a single seller and a single buyer. Its also referred to as monopoly-monopsony behaviour. Hence, a bilateral monopoly arises when a single seller faces a single buyer.

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Bilateral monopoly arises when a _______ seller faces ________ buyer.

The correct option is A single, singleBilateral monopoly is a situation where there are a single seller and a single buyer. Its also referred to as monopoly-monopsony behaviour. Hence, a bilateral monopoly arises when a single seller faces a single buyer.

Bilateral monopoly arises when a _ seller faces __ buyer.

The correct option is A single, single
Bilateral monopoly is a situation where there are a single seller and a single buyer. Its also referred to as monopoly-monopsony behaviour. Hence, a bilateral monopoly arises when a single seller faces a single buyer.