It's a psony

Here’s an article on monosopnistic competition, including references to the oligopsony that is Major League Baseball. (Hey, I’m an economist by training, but I never get to use the word “oligopsony” in regular conversation so I’m sneaking it in here.) Just as a reminder of the reserve clause days - while the way agents work may not be the most tasteful, it’s not like teams are fully altruistic either.