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

Articulture1234

2 years ago

Monopsonies and oligopsonies are somewhat different from monopoly and oligopoly. The main difference is that in their case, instead of having many buyers, they have many sellers but few buyers, which then influences their prices.

khappuche

3 years ago

The question is fee buyers and many sellers. The answer mentions oligopsony as few buyers and few sellers. The actual answer should be monopoly were we have many sellers