Since the NCAA works effectively as a monopsony, one would expect them to:

Question

Quizplus · Accepted Answer

As a monopsony, the NCAA has the power to set wages below the competitive market rate, leading to lower wages paid to college athletes compared to what they might earn in a truly competitive market. This also means that the NCAA can hire fewer workers than they would need under competitive market conditions, resulting in a smaller workforce. Finally, the distortion created by the monopsony power leads to a deadweight loss to society, as fewer resources are employed than optimal, ultimately resulting in lower production and societal benefits. Thus, all of the above choices are correct.

Since the NCAA Works Effectively as a Monopsony, One Would