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Legal monopoly

   Also found in: Wikipedia 0.09 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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But Robbins uses guild records to show that, as with other new popular consumer goods like stockings and umbrellas, the guild with the legal monopoly could not meet the demand, and numerous illegal distribution networks sprang up.
Clearly the royal example had an effect, as did the Church of England's loss of its legal monopoly.
The private waste companies know that it can be a good deal for them to have a legal monopoly in a territory.
 
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