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16 Cards in this Set
What market situation exists where there are few sellers?Oligopoly. means few sellers. In an oligopolistic market, each seller supplies a large portion of all the products sold in the marketplace.
What market situation exists where there is one buyer and only one seller?Detailed Solution. Bilateral monopoly is a market structure where there is only one buyer (monopsony) and one seller of a product (monopoly).
What are the market situations?The Market Situation section of your plan includes research and analysis of your target market, competitors, business challenges, and your company's competitive differentiators. It should contain your best and most clear description of the current state of the marketplace.
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