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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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Marsha
4 days ago
I think it's B) A monopoly structure.
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Erasmo
9 days ago
Really? I thought monopolistic was the right term.
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Markus
14 days ago
Totally agree, it's B for sure!
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Della
19 days ago
Wait, isn't a monopsony about buyers?
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Alayna
25 days ago
I thought it was an oligopoly?
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Lashanda
30 days ago
It's definitely a monopoly structure!
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Ty
1 month ago
Not so sure about that, seems too simple.
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Percy
1 month ago
Totally agree, B is the right answer!
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Lonna
2 months ago
Wait, isn't a monopoly just one big player?
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Troy
2 months ago
I thought it was an oligopoly?
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Carrol
2 months ago
It's definitely a monopoly structure!
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Evette
2 months 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
2 months 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
2 months 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
4 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.
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