What form of market is found in an imperfect competition where there are few buyers...
ECONOMICS
JAMB 2020
What form of market is found in an imperfect competition where there are few buyers and many sellers
- A. monopoly
- B. oligopoly
- C. duopoly
- D. oligopsony
Correct Answer: 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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