A legal monopoly, statutory monopoly, or de jure monopoly is a
monopoly that is protected by law from competition. A statutory monopoly may take the form of a
government monopoly where the state owns the particular means of production or
government-granted monopoly where a private interest is protected from competition such as being granted exclusive rights to offer a particular service in a specific region while agreeing to have their policies and prices regulated.
[1] This type of monopoly is usually contrasted with
de facto monopoly which is a broad category for monopolies that are not created by government.
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A government-regulated firm that is legally entitled to be the exclusive company offering a particular service in a particular area.
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