The Crested Butte Company recorded the following data for a product line: 
Definitions:
Regulated Monopoly
A market structure where a single firm dominates the market but is controlled or regulated by the government to protect consumers' interests and ensure fair pricing.
Monopolistic Competition
Market structure in which large numbers of buyers and sellers exchange heterogeneous products so each participant has some control over price.
Homogeneous Product
A product that is virtually indistinguishable from the same products offered by different suppliers in the market.
Control Over Price
The ability of a company or seller to dictate the price of a product or service in the market.
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