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(JPS) Jamaica Public Service Company Limited is an integrated electric utility company and the sole distributor of electricity in Jamaica.
i. Does the JPS fully fit the description of a monopoly? Give at least one argument in favour and one against.
ii. Discuss TWO barriers to entry in a market that facilitates the monopoly status of JPS.
iii. Briefly DISCUSS the impact of the JPS monopoly on Jamaican citizens and make one recommendation to the government to alleviate this impact.