Answer-When one buyer and larger number of sellers, the market condition is known as

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Oligopoly- there are many buyers but few sellers.        Oligopsony- is a market form in which the number of buyers is small while the number of sellers in theory could be large.        Perfect Market - a theoretical market in which buyers and sellers are so numerous and well informed that monopoly is absent and market prices cannot be manipulated.        Duopoly -A duopoly is a type of oligopoly where two firms have dominant or exclusive control over a market. It is the most commonly studied form of oligopoly due to its simplicity.        Monopsony-a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers.

When one buyer and larger number of sellers, the market

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