Which of the following factors helps professional sports teams to exercise monopsony power over the players that they hire?

Question

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All of the factors listed contribute to a professional sports team's ability to exercise monopsony power over the players they hire. Player drafts give teams exclusive rights to select players before other teams, limiting player bargaining power. Exclusive contracts further limit player bargaining power by restricting their ability to negotiate with other teams. Finally, the specialized skills of players make them less interchangeable with other potential hires, giving teams more power to set wages and working conditions. Together, these factors make it difficult for individual players to negotiate favorable contracts and contribute to the monopsony power of professional sports teams.

Which of the Following Factors Helps Professional Sports Teams to Exercise