When there is only one buyer and one seller of product, it is called _____ situation.1). Public monopoly2). Bilateral monopoly3). Franchised monopoly4). Monopsony

When there is only one buyer and one seller of product, it is called _

1.	When there is only one buyer and one seller of product, it is called _____ situation.1). Public monopoly2). Bilateral monopoly3). Franchised monopoly4). Monopsony
Answer» OPTION 2 : SEEMS CORRECT