In a market with few large buyers,prices are usually higher than in markets with many small buyers.

Name: In a market with few large buyers,prices are usually higher than in markets with many small buyers.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

In a market with few large buyers, also known as a monopsony or oligopsony, buyers have more negotiating power and can often push prices down, contrary to markets with many small buyers where the individual bargaining power of buyers is weaker.

In a Market with Few Large Buyers,prices Are Usually Higher