Based on observed industry characteristics, economic analysts indicate that Georgia Power may be enjoying monopoly power in the provision of energy / power in the Columbus GA area. What does it mean when a firm such as Georgia Power is said to have monopoly power? (5 points) ii. How is Georgia Power able to sustain its monopoly power over all these years for which it has been in operation? (5 points) iii. If you are the pricing manager at Georgia Power, and you are trying to maximize profits by using non-uniform pricing. What type of price discrimination would you use? (Be sure to clearly describe your pricing scheme). Provide justification for your choice of pricing strategy. (5 points)