HomeDefinitionsCompareDebt Legal monopolyThe financial definition for Legal monopoly:A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area. Similar MatchesMonopolyMonopolyAbsolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price. Pure monopolyPure monopolyA market in which only one firm has total control over the entire market for a product due to some sort of barrier to entry for other firms, often a patent held by the controlling firm. Click to compare definitions of Legal monopoly Click to view definitions beginning le |