A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer). Bilateral monopoly is a market structure that involves a single supplier and a single buyer, combining monopoly power on the selling side (i.e., single seller) and monopsony power on the buying side (i.e., single buyer).
A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer). Bilateral monopoly is a market structure that involves a single supplier and a single buyer, combining monopoly power on the selling side (i.e., single seller) and monopsony power on the buying side (i.e., single buyer).
Source: Wikipedia "Bilateral monopoly" · CC BY-SA 4.0
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