Legal monopoly - Citizendia

A legal monopoly, statutory monopoly, or de jure monopoly is a monopoly that is protected by law from competition. In Economics, a monopoly (from Greek monos, alone or single + polein, to sell exists when a specific individual or enterprise has sufficient 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. In Economics, government monopoly (or public monopoly) is a form of Coercive monopoly in which a Government agency is the sole provider of a In Economics, a government-granted monopoly (also called a "de jure monopoly" is a form of Coercive monopoly by which a government grants exclusive privilege [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. A de facto monopoly is a Monopoly that was not created by government

Examples

In the United States, AT&T had a legal monopoly on the provision of local exchange service until 1984 when it was vertically divested. The United States of America —commonly referred to as the Before proposing a merge request please see Talk and see if the merger you propose has recently been made and AT&T was protected from competition in the local exchange market as a public utility. Before proposing a merge request please see Talk and see if the merger you propose has recently been made and A public utility (usually just utility) is an organization that maintains the Infrastructure for a public service (often also providing a service using

The United States Post Office has a legal monopoly on delivery of non-overnight letters.

Telstra had a legal monopoly on telecommunications in Australia. Telstra or Telstra Corporation (often abbreviated as Telstra Corp) () is an Australian Telecommunications and media company formerly

In many cities bus service enjoys a legal monopoly, however some city governments have legalized competition due to pressure from consumers who desire lower prices and entrepreneurs that would like to provide them.

Professional sports organizations such as Major League Baseball are also seen as legal monopolies.

The Auditing profession is another example of a statutory monopoly within the UK.

Examples

See also