According to the Case in Point on Professional Baseball Player

question 16

Multiple Choice

According to the Case in Point on professional baseball player salaries,:

• A) monopsony power of Major League Baseball (MLB) teams is lowest for free agents.
• B) monopsony power of MLB teams is highest for free agents.
• C) monopsony power of MLB teams has been increasing over time.
• D) monopsony power of MLB teams has stayed the same over time.

---

Definitions:

Scarcity

The state of being in short supply; a situation where resources are insufficient to satisfy the needs or wants of individuals or societies.

Reactance

A psychological response that occurs when people feel their freedom to choose is being limited, prompting a motivation to regain that freedom.

Restricted Choices

A situation characterized by limited options or alternatives available for selection.

Ethical Resistance

The act of opposing actions or decisions that violate moral principles or codes of conduct.