Identify an example of an organisation that provides a product or service that could be described as a 'Monopoly' (according to the definition in the course notes). What are the predictions of the profitability of that product or service over the short and long-run according to the economic theory covered in the course notes? Does the actual profitability of this organisation reflect the theory? Why or why not? Tip: Remember that large companies often offer several (or many) products and services. It might only be one of these products that is a 'monopoly'.