DiscussionQuestion, choose one of the following:

Provide an example of a real-world industry or market that has not been described by another student that would be described by economists as a natural monopoly. Why might government want to regulate natural monopolies? Find a recent article on how the government is regulating that natural monopoly and provide a summary of that article along with a link to the article. Makesureyou knowthe definition ofa natural monopolyas most monopolies are not natural monopolies.

OR

Provide an example of a real-world industry or market (current or historical) that has not been described by another student or that is in the text that would be described by economists as a monopoly(near-pure or natural) and provide a summary of how that monopoly became a monopoly, how it maintained monopoly power, and if applicable, how it lost its monopoly power. Provide a link to your references (Do not useWikipedia).