If a buyer has a lot of market power and can offset the power of oligopolistic producers, they are said to have 'countervailing power'.

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Countervailing power refers to the ability of a buyer, or group of buyers, to negotiate favorable terms and prices with sellers, especially in markets where a small number of firms have significant market power or form an oligopoly. This concept helps in balancing the market power between buyers and sellers.

If a Buyer Has a Lot of Market Power and Can