Based on your understanding of market structures as discussed in the textbook locate a current article that describes an industry/firm as an example of one of the four market structures. Write a post explaining how the conditions described in the article aligns with the characteristics of a particular market structure.

A business that is the exclusive provider of an item or service is said to have a monopoly. A monopoly is allowed to establish any price it wants in the absence of government interference, and it will typically do so at a level that generates the highest profit. A good example of a monopoly is PG&E. What makes PG&E a strong example of a monopoly is that people who live in California, specifically from Eureka to Bakersfield, have no other options when it comes to utilities. Due to the high cost of creating and maintaining the infrastructure needed to operate and distribute energy in Northern California, these conditions allow for utilities to operate as monopolies. These conditions make it difficult for startup companies to enter the energy market. PG&E is a monopoly, but it is not illegal. The rates charged to customers are regulated by the California Public Utilities Commission. A statement from Jared Ellias, associate professor of law at UC Hastings. made this very clear, "You can either not have electricity or you can work with PG&E".

What do you think of that?