With free agency, where players can offer their services to any team and teams c

Question

With free agency, where players can offer their services to any team and teams can bid on players,

Question 11 options:

the market for players is competitive.

players are monopolists.

owners are monopolists.

owners are monopsonists.

players are monopsonists.

According to the lecture on "Contracts, Signalling, and Screening," which of the following is true?

Question 12 options:

Signalling is not important in the NFL because players and owners generally trust each other.

Signalling is not important in the NFL because teams gain all of the information that they need prior to the draft.

NFL rookies signal private information on their own ability by holding out from training camp.

Signalling and screening are two terms referring to the same phenomenon.

Only NFL rookies with negative information about their own ability engage in signalling.

the market for players is competitive.

players are monopolists.

owners are monopolists.

owners are monopsonists.

players are monopsonists.

Explanation / Answer

Answers :

Q11. With free agency, where players can offer their services to any team and teams can bid on players,

owners are monopsonists. This is so because the monopsonists have the right to charge their own price . Under, Monopsony , there is single buyer and single seller. Thus, players and owners refer in the given case to buyers and sellers.

Q12. According to the lecture on "Contracts, Signalling, and Screening," which of the following is true?

Signalling is not important in the NFL because teams gain all of the information that they need prior to the draft. This is so because the Contract contains each and every relevant point covered before it is signed by the player and the owner.

owners are monopsonists. This is so because the monopsonists have the right to charge their own price . Under, Monopsony , there is single buyer and single seller. Thus, players and owners refer in the given case to buyers and sellers.

Q12. According to the lecture on "Contracts, Signalling, and Screening," which of the following is true?

Signalling is not important in the NFL because teams gain all of the information that they need prior to the draft. This is so because the Contract contains each and every relevant point covered before it is signed by the player and the owner.

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