What is LEGAL MONOPOLY?

Government-granted right to be an exclusive provider given to an entity for a specific purpose. The government retains monitoring and regulatory rights over the monopoly’s activities, policies, and rates. Examples of purposes are: for delivery or managing a particular good, like radioactive material, or providing a particular service, like electricity or water supply, or minting a country’s currency. This monopoly can be granted nationwide or within a geographic area.

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