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The opposite of oligopoly (where there are few sellers in a market), is a market in which there are only a few large buyers for a product or service. This is called a Oligopsony and usually allows the buyers to exert a great deal of control over the sellers, often resulting in the depression of prices.

Examples would be world commodity markets in agricultural crops such as coffee were a few international intermediaries are able to trade the multitude of producers off against one another in order to extract cheap resources.

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โˆ™ 2010-07-09 21:49:16
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Q: What is the Opposite of oligopoly?
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