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Legal monopoly

   Also found in: Wikipedia 0.02 sec.
Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.


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The Comptroller's Office -- an independent bureau that monitors government actions to make sure they are within the law -- said the Costa Rican-Chinese joint venture would violate the RECOPE's legal monopoly on oil refining and distribution.
The Comptroller's Office -- an independent bureau that monitors government actions to make sure they are within the law -- said the Costa Rican-Chinese joint venture would violate the RECOPE's legal monopoly on oil refining and distribution.
Making Microsoft a legal monopoly is out of the question, of course.
 
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