Over time, one of the major providers in the market for subscription cloud storage services acquires significant monopoly power. The provider decides to restrict its output (storage capacity supplied) below the competitive market level. The most likely consequence of this decision will be
a decrease in the barriers to entry into the cloud storage market.
a rightward shift of the market demand curve for cloud storage services.
additional economies of scale experienced by the dominant provider.
an increase in the price paid by consumers for subscription cloud storage services.
