The market in which there are few buyers, is termed as:

Correct option is D

Oligopsony is derived from Greek words:

• • "Oligo" means few

  • "Opsonia" means purchase

• It is commonly found in agriculture and labor markets, where a small number of large firms (buyers) control the demand.

• • A market with only one buyer and multiple sellers.

  • Example: A government defense contract where only one agency buys weapons from different manufacturers.

• Oligopoly market:

  • A market with few sellers and many buyers.

  • Example: Automobile and telecom industries.

• Monopolistic market:

  • A market with many sellers, but each sells a differentiated product.

  • Example: The fast-food industry, where many brands compete with similar but unique products.