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Oligopsony
OLIGOPSONY

Definition: A situation in which there are few buyers, each competitive buyer influencing the market.
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* All five elements would be in.


1. Economy is open market based, i.e. no restriction or price fixing.

2. Buyers are rich enough to stay in market place for long duration.

3. Value for money, higher return on investment, etc., is obtainable.

4. Situation is sustained or remain for a considerable period of time.

5. Consequence and outcome will be beneficial to overall economy.
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See perfect COMPETITIVENESS (1).

See perfect BOOM-BUST CYCLE.

See perfect BUYER'S MARKET.

See perfect MONOPOLY (1).

See perfect OLIGOPOLY.

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