Find a recent news article that discusses a monopoly. Based on that article and other information you can find on the industry or firm, identify the characteristics that lead to it being labeled as a monopoly. Consider the following questions in your post:
Does the behavior of firms in the industry correspond to the descriptions provided in your textbook or other resources?
To what extent is there strategic interaction?
If the industry is regulated, what is the justification for regulation?
How does the material covered in this module help you better understand the news article and its implications?
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