Discussion Listen to the podcast. Please read the rubric carefully before you start the discussion. Ella. in? l\"! 7* I i the indicator from planet money ' Baseball's major league monopolies listen 9:47 J . 2021 npr lM/iiam Da W's/Gerry Images ' Transcript available here. [3 When we consider monopolies, it is interesting to note that in the long run, most perceived monopolies do have to compete with other monopolies. That is, if my electric company is bad, i can move to another electric company's zone. For this discussion, you should consider the short run where it may not be an option to simply move to an area served by another company. For this discussion, your task is to: 1. Think of a monopoly that is prevalent in your life and identify whether it is a natural or legal monopoly. Make sure you know that Monopoly means a SINGLE rm ownership. Do not confuse it with Monopolistic Competition or Oligopoly. We have not yet covered those market forms. 2. Explain the barrier that helped establish this monopoly as a monopoly. 3. Is buying up your potential competition to attain a monopoly legal? Which social media company was in trouble in the year 2020 for this reason