describe a real-world example of a firm that operates as a pure monopoly.

• Give an example of a monopolist that operates in an industry that is not perfectly competitive.
• Make sure the company is a monopolist, and not anoligopolist, or a firm engaged in monopolistic competition?
• What is the source of their market power?
• Does the company restrict output in order to charge a price above marginal cost?
• Is there a threat of competition reducing the company's profit in the long run?
• Be specific in describing why the firm is able to maintain its market power in the long run.