Dictionary of Business Terms: legal monopoly
legal monopoly
exclusive right to offer a particular service within a particular territory. In exchange, the company agrees to have its policies and rates regulated. Electric and water utilities are legal monopolies.
Dictionary of Finance and Investment Terms: legal monopoly
legal monopoly
exclusive right to offer a particular service within a particular territory. In exchange, the company agrees to have its policies and rates regulated. Some electric and water utilities are legal monopolies.
