A market characterized by a small number of large buyers and is mostly relevant to factor market is termed as:

CA Foundation · Business Economics · PYQS · January 2026
A market characterized by a small number of large buyers and is mostly relevant to factor market is termed as:
(A) A. Duopoly
(B) B. Monopsony
(C) C. Oligopsony
(D) D. Bilateral monopoly

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Oligopsony

Topics: Price Determination in Different Markets

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