What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?

What is a market situation whereby there is only one buyer of an item

1.	What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?
A.	Monopsony
B.	Monopoly
C.	Oligopoly
D.	Oligopsony
Answer» C. Oligopoly

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What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?

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