Which of the following is NOT a type of market structure based on the number of sellers?
A. Monopoly (one seller)
B. Oligopoly (few sellers)
C. Duopoly (two sellers)
D. Monopsony as a seller-based classification
Answer: Option D
Solution (By JKSSB Mock Tests)
Monopsony refers to a market with a single buyer. Market structures based on the number of sellers are monopoly, duopoly, oligopoly and perfect competition (many sellers).
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