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
jamb 2020economics

The correct answer is D. oligopsony

The form of market that is found in an imperfect competition where there are few buyers and many sellers is known as an oligopsony.

In an oligopsony, a small number of buyers (or demanders) control a large proportion of the market demand and often dictate terms to their suppliers

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