Abstract
This paper is concerned with the conduct of buyers and sellers in the grain markets of two regions of Nigeria. The study focuses on market behaviour in terms of price and output decisions and on the reaction of firms to the entry of competitors. As a result of interviews based on questionnaires it was concluded that prices and outputs in the areas concerned were generally market determined. No evidence of collusion on price and output decisions was found. On the other hand, there was evidence of trade barriers being erected to inhibit new firms coming into the market. On the consumer side, decisions about price and quantity of purchases were the subject of individual bargaining and no collusion existed in the consumers' patronage of distributors.
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