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Market Structures

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Questions and Answers

Which market is dominated by a few large buyers?

Perfect competition

Monopoly

Oligopoly

Oligopsony (correct)

Which market is dominated by a few sellers?

Monopoly

Perfect competition

Oligopsony

Oligopoly (correct)

What effect can be seen in an oligopoly?

Prices remaining stable

Prices kept high (correct)

Prices fluctuating

Prices kept down

Which of the following best describes an oligopsony?

A market dominated by a few large buyers Signup and view all the answers

What is the main power that buyers have in an oligopsony?

The ability to keep prices low Signup and view all the answers

How does an oligopoly differ from an oligopsony?

An oligopoly is dominated by a few large sellers Signup and view all the answers

Market Structures

Choose a study mode

Podcast

Questions and Answers

Which market is dominated by a few large buyers?

Which market is dominated by a few sellers?

What effect can be seen in an oligopoly?

Which of the following best describes an oligopsony?

What is the main power that buyers have in an oligopsony?

How does an oligopoly differ from an oligopsony?

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