What is the meaning of the term 'monopsony'?

AIt is a form of market with many sellers but only one buyer, who is in a position to dictate terms to the sellers

BIt is a form of market with one seller but many buyers, where buyers have no choice

CIt is a form of market where there are many sellers and many buyers and both have multiple choices

DIt is a market in which there are two sellers and many buyers having limited choices

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