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Definition of monopsonist

The individual or firm which is the sole buyer of the specific good or resource is a/an: (i) Monopolist. (ii) Oligopolist. (iii) Monopsonist. (iv) Monopolistic competitor.

Find out the right answer from the above options.

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    Q : Features of Monopoly Features of

    Features of Monopoly: A) A Single seller B) No close replacement available. C) No freedom for entry of new firms. D) Possibility of price discrimination.