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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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What is The opposite market structure of a monopoly is?
Oligopoly
Is asda a monopoly or oligopoly?
oligopoly
Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is comcast a monopoly or oligopoly market structure?
Oligopoly
Is airline industry a oligopoly or monopolistic?
Oligopolistic
What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
What are the types of oligopoly?
Oligopoly is a market from where large numbers of buyers contact few sellers for the purpose of buying and selling things. The different types are a pure oligopoly, a differentiated oligopoly, a collusive oligopoly, and a non-collusive oligopoly.
What is meant by market structure?
An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.
Price wars are prima facie evidence of what economic market?
Oligopoly
Is a Gas station with convenient store a oligopoly?
I will probably say its more of oligopoly.
Can you use oligopoly in a sentence?
Oligopoly is a market with small number of buyers and sellers.
What is Pure Oligopoly?
a pure oligopoly is when few producers dominate the production of on item
