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CIPS L4M5 Exam - Topic 12 Question 98 Discussion

Where a market consists of a large producer with high power, it is known as ...
B) A monopoly structure
A) A monopsony structure
C) A monopolistic structure
D) An oligopoly structure

CIPS L4M5 Exam - Topic 12 Question 98 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 98
Topic #: 12
[All L4M5 Questions]

Where a market consists of a large producer with high power, it is known as ...

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Suggested Answer: B

A monopoly occurs when a single supplier dominates a market, giving them high bargaining power over buyers. By contrast, monopsony is where a single buyer dominates, oligopoly involves a few large suppliers, and monopolistic competition refers to many suppliers with differentiated products. Monopoly power in negotiations means buyers have reduced leverage and may need to rely on regulatory frameworks or collaborative strategies to balance outcomes.


by Francesco at May 12, 2026, 12:11 PM

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Carrol
11 hours ago
It's definitely a monopoly structure!
upvoted 0 times
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Evette
6 days ago
I’m confused between monopoly and monopolistic; I know monopoly is one firm, but what about the other options?
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Shawnta
11 days ago
I feel like it could also be an oligopoly if there are a few large producers, but this question seems to focus on just one.
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Brett
16 days ago
I remember practicing a question about market structures, and I think a monopoly is when one firm dominates the market.
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Azzie
2 months ago
I think it might be a monopoly structure since it mentions a large producer with high power, but I'm not entirely sure.
upvoted 0 times
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