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?