Question: In the NFL , when a franchise selects a player in the rookie entry draft, they have the exclusive rights to negotiate with the player.

In the NFL

,

when a franchise selects a player in the rookie entry draft, they have the exclusive rights to negotiate with the player. As such, they are effectively the only buyers in the market for the player's labor. This is known as a

(

)

market.

Monopoly

Open

Monopsony

Free

In the NFL, when a franchise selects a player in the

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