What is a market having only a few buyers called?

Monopoly Market

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Perfect Competition

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Oligopsony Market

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Ideal Market

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Solution

The correct option is C Oligopsony Market
A market having only a few buyers is known as Oligopsony Market. This is a type of market that is controlled by a few large buyers.

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Similar questions

Statements:

Some buyers are people.

No people is market.

Some markets are not malls.

Conclusions:

I. All markets being buyer is a possibility.

II. No market is buyer.

The market structure in which a large buyer controls a large portion of the market and is able to drive the prices down is called ___

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