What form of market is found in an imperfect competition where there are few buyers and many sellers

By: |Published on: Mar 29|Categories: Economics JAMB| 0 comments

A. monopoly
B. oligopoly
C. duopoly
D. oligopsony

Correct Answer:

Option D = oligopsony

Explanation

An oligopsony is a market situation where there are a few buyers and a small number of sellers. It is the opposite of oligopoly

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