The NCAA negotiates broadcast right to March Madness. It also regulate the value of college athletic scholarships.
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Question:
The NCAA negotiates broadcast right to "March Madness". It also regulate the value of college athletic scholarships. In these ways it is exercising---.
a. Both monopoly and monopsony power
b. monopoly power but not monopsony power
c. Monopsony power but not monopoly power
d. Neither monopoly nor monopsony power.
I think answer is "a"
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