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?
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.
