Government-granted monopoly
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In< economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement. As a form of coercive monopoly, government-granted monopoly is contrasted with an unregulated monopoly, wherein there is no competition but it is not forcibly excluded.
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See also
- Coercive monopoly
- Legal monopoly
- Copyright
- Government monopoly
- Monopoly
- Natural monopoly
- Rent seeking
- Federal Reserve System
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