legal monopoly

legal monopoly
A government- regulated firm that is legally entitled to be the only company offering a particular service in a particular area. Bloomberg Financial Dictionary

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legal monopoly legal monopoly monopoly

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legal monopoly UK US noun COMMERCE, ECONOMICS
[C or U] a situation in which a government gives the right to provide particular goods or services to one company: a legal monopoly on/over sth »

The chemicals group has a legal monopoly on UK opiate production.

[C] a company that has the right to be the only one that provides particular goods or services within a country or area: »

Railroads and airlines have been operated as legal monopolies at different periods.


Financial and business terms. 2012.

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Look at other dictionaries:

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  • monopoly — /manop(a)ly/ A privilege or peculiar advantage vested in one or more persons or companies, consisting in the exclusive right (or power) to carry on a particular business or trade, manufacture a particular article, or control the sale of the whole …   Black's law dictionary

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  • Monopoly (game) — Monopoly The Monopoly Logo Designer(s) Elizabeth Magie Louis Fred Thun[1] Charles Darrow Publisher(s) …   Wikipedia

  • monopoly power — USA The ability of one company acting alone to control prices or exclude competition in a particular market. While a number of factors may be considered in assessing whether a company has monopoly power, a company s market share in the relevant… …   Law dictionary

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