In an oligopsony market:

A) there are many buyers and sellers.
B) there are many buyers and a single seller.
C) there is a single buyer and many sellers.
D) there are a few buyers and many sellers.
E) there are a few buyers and a few sellers.

Oligopsony Market

A market form in which the number of buyers is small while the number of sellers in theory could be large, giving the buyers significant control over prices and terms.

Buyers

Individuals or entities that purchase goods or services for personal use or for resale.

Sellers

Individuals or entities that offer goods or services for sale in a market.