Monopsony in labor markets is to wage control as monopoly is to which of the following?

Monopsony in labor markets refers to a situation where there is only one employer for many workers, giving that employer significant power to control wages. In this context, the employer can set lower wages because workers have fewer job options. Similarly, a monopoly exists when there is only one seller in a market, which allows that seller to control prices for consumers. Just as the monopsonist can dictate wages, the monopolist can dictate prices for their products. For example, if a town has only one grocery store, that store can charge higher prices because shoppers have no other place to buy groceries.