bilateral monopoly - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

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English definition of “bilateral monopoly”

bilateral monopoly

noun [C] ( plural bilateral monopolies) ECONOMICS
a situation in which there is only one buyer and only one seller in a market: In a bilateral monopoly, the one supplier will look to charge a high price, and the lone buyer will want to pay the lowest possible price.
(Definition of bilateral monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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