The most common and most likely answer to this crossword clue is the 4 plus 2 plus 2 plus 5 plus 2 letter word TAKE IT OR LEAVE IT
I've seen this crossword clue in Financial Times
T
A
K
E
I
T
O
R
L
E
A
V
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I
T
More clues leading to the result TAKE IT OR LEAVE IT
Buddy explains!

The straight part
We know that "Hobson’s choice" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case hobson’s choice = take it or leave it.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.