Eastman Kodak Co., one of the most well-known and once successful companies in the United States, filed for bankruptcy in January 2012. This was a substantial change in direction for a company that once dominated its industry and had a near-monopoly on camera film which earned its profit that it paid out to workers on 'wage dividend days'. The company invented the digital camera in 1975, but then did not develop the new technology. In the film market, Kodak lost market share to foreign companies in the 1980s and stopped making investments in film in 2003.

i)Based on the information above, suggest TWO (2) characteristics that are relevant to Eastman Kodak as a near monopoly.

Critically evaluate THREE (3) economic arguments against a firm monopolizing the market.