Definition of “legal monopoly” - English Dictionary

“legal monopoly” in Business English

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legal monopolynoun


[ 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.

(Definition of “legal monopoly” from the Cambridge Business English Dictionary © Cambridge University Press)