15 points Save Answer Good Cinema is the only movie theater in Idaho Falls. The nearest rival movie theater, the Second Cinema is 35 miles away in Pocatello. Thus, Good Cinema possesses a degree of market power. Despite having market power, Good Cinema is currently suffering losses. In a conversation with the owners of Good Cinema, the manager of the movie theater made the following suggestions: "Since Good Cinema is a local monopoly, we should just increase ticket prices until we make enough profit." Required: Comment on this strategy.