A few years ago, I ran across an interesting word in the Wall Street Journal. The article was about postal box manufacturers of which there are a few and the customers of which there is one, the US Post Office.

We all know that a market with many buyers and one seller is a monopoly. With a limited number of sellers, it is an oligopoly.

What is the term for a market that only has many sellers, but only a single buyer?

If nobody gets it, I will post the answer in a few days.

-Jay