1. What types of industries does TRA regulate? Choose a specific company that would fall within one of those industries (your choice). Why is this firm (and others within the industry) regulated?
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2. Do each of characteristics of monopoly shown apply to the firm you have chosen in question #2? Explain why or why not each characteristic would or would not apply to your firm.
Answer the questions explaining a clear understanding of the question with 250 words each.