In the first years of a professional athlete's career, the athlete is "under reserve," which means that he or she cannot negotiate with other teams. This creates a de facto
A) monopolist.
B) monopsony.
C) duopoly.
D) bilateral monopoly.
B
You might also like to view...
In 2017, about what percentage of goods and services sold in the United States was imported?
A. 5 percent B. 15 percent C. 22 percent D. 88 percent
If the base year CPI market basket costs $250 and next year the CPI market basket costs $275, what is next year's CPI?
What will be an ideal response?
Why is the overall world population still increasing? What are the expectations for population growth in the future?
What will be an ideal response?
In a flexible exchange rate system, which of the following would NOT cause the U.S. dollar to depreciate relative to the British pound?
A. a decrease in demand for British goods in the United States B. a shift to the left in the supply of British goods to the United States C. a decrease in British demand for U.S. exports D. an increase in demand for British goods in the United States