
Simon Says: Pro golfers tee off against monopsonistic employer
Last week, Gary Kauffman of Augusta Business Daily reported that “the PGA Tour was the only meaningful option for golfers playing at the highest levels, yet the tour doesn’t compensate the golfers for their revenues at the level of athletes in other sports.” (See Pro golfers file antitrust lawsuit). Eleven golfers have filed an anti-trust lawsuit against the PGA Tour. In economics, a monopoly is a single seller of a product. As every student in an introductory class knows, a monopoly can charge a higher price for its product than








