bilateral monopoly Definition in the Cambridge English Dictionary
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Definition of “bilateral monopoly” - English Dictionary

Definition of "bilateral monopoly" - Business English Dictionary

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bilateral monopolynoun [C]

(plural bilateral monopolies) ECONOMICS
a ​situation in which there is only one ​buyer and only one ​seller in a ​market: In a ​bilateralmonopoly, 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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