Is the PGA Tour a Monopoly?

I agree with your characterization of the PGA tour as having a monopoly, especially in the American market. But still it surprises me that you didn't more self-consciously build the franchises around geography to play up on this element. Do we think there are too few golf tournaments? Probably not. I also don't see an obvious analogy to the price being too high. As a player who's an independent contractor, not an employee, he has the right from a free agent standpoint to go out and improve his game.