Legal monopoly

Legal Monopoly
A legal monopoly is a monopoly that has been specifically sanctioned by law. For instance, the US Post Office has a legal monopoly on the right to put letters into mailboxes.

Legal Monopoly
Investment Dictionary:
Legal Monopoly
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Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.
Legal opinion ...

Legal monopoly - In the United Kingdom, any business with over 25 per cent of the market.
Legal tender - Anything that by law must be accepted for the purchase of goods and services or in discharge of a debt.

Legal Monopoly
A company that is operating as a monopoly under a government mandate.

legal monopoly A firm granted by the federal government the exclusive rights of offering a... legal risk A description of the potential for loss arising from the uncertainty of legal...

It also must find some way to exclude non-cartel firms from selling to customers within the cartel's market area(s) -- such as by getting their national or local governments to grant cartel members a legal monopoly or to enact administrative or tax ...

But money would likely be sound if the government did not have a legal monopoly over the money supply (see competing money supplies and gold standard).

A list of high-quality debt and equity securities chosen by a state agency that are acceptable holdings for fiduciary institutions.
Legal monopoly ...

However if the company can gain a legal monopoly (through, for example, intellectual property laws) the customer has no choice of a competitor available. The customer's only option then is to take it or leave it.

agencies have been prone to work too closely with those they regulate, in large part because regulators move freely between industry and agency. The agency often ends up working for the industry and running what is effectively a legal monopoly that ...

See also: Monopoly, Expense, Leading indicator, Lagging indicator, Laffer curve