What is the Opposite of oligopoly?

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2010-07-09 21:49:16

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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