What is the Opposite of oligopoly?
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.