1. How might the combination of a player draft and the reserve clause create a monopsony in the labormarket? Is this argument compelling?

2.Does Siegfried suggest that the reserve system will result in a "competitive balance?" Why or why not?

3.Does Siegfried argue that "balanced" teams are efficient from an economic perspective? Explain.

4.Carefully explain the determinants of a player's marginal revenue product (or VMP)for a particular team. Why are some players more valuable than others?

5.What is a monopsonylabor market?

Read - https://mylearning.suny.edu/content/enforced/616386-2023SU-OSW-ECO350-20103/csfiles/home_dir/courses/202102-20105-ECO350/14CatoJ443.pdf?_&d2lSessionVal=pZzaczD6LrvvQS9zLJaGVqoyx 

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1 Combination of Player Draft and Reserve Clause creating a Monopsony The player draft and reserve clause when combined can create a monopsony ... View the full answer