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| | Government-granted monopoly - Wikipedia, the free encyclopedia |
 | | In economics, a government-granted monopoly (also called a "de jure monopoly") is a form of coercive monopoly in which the government grants a monopoly in a product or service to a private individual or firm, and excludes potential competitors from the market by law, regulation, or other mechanisms of government enforcement. |
 | | Opponents of government-granted monopoly often point out that such a firm is able to set its pricing and production policies without fear of breeding potential competition. |
 | | Today, government-granted monopolies may be found in public utility services such as public roads, mail, water supply, and electric power, as well as certain specialized and highly-regulated fields such as education and gambling. |
| www.wikipedia.org /wiki/Government-granted_monopoly (497 words) |
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