SSC Steno Grade C and D 31 Jan 2016 Paper

(4) Duopsony is an economiccondi tion, simi lar to aduopoly, in which there areonly two large buyers for a specificproduct or service. Membersof a duopsony have greatinfluence over sellers and caneffectively lower market pricesfor their supplies. It is alsoknown as “buyer’s duopoly”.