The oligopsony is a situation of imperfect competition that arises in a market where there is a small number of applicants or consumers in which control over the prices and the quantities of a product is deposited. The benefits, therefore, concentrate on buyers (which sometimes are intermediaries) and not the producers, which are handicapped by not receiving a reasonable price for their products.A monopsony is a type of market in which there is a single buyer or plaintiff instead of several. It is also an imperfect competition since the price of the goods or services is determined by the only applicant, who possesses greater power and buyers must be adapted to your requirements.
