statutory monopoly
Frequency: 4.01.5 per million words
A monopoly created and protected by law.
Categories:
Examples (10)
- The government established a statutory monopoly for essential services.
- Critics argued against the creation of a statutory monopoly in the energy sector.
- Many public utilities operate under a statutory monopoly.
- The company benefited immensely from its statutory monopoly in telecommunications.
- Legislation was passed to prevent any single entity from gaining a statutory monopoly.
- A statutory monopoly can sometimes lead to a lack of innovation.
- The breaking up of the statutory monopoly led to increased competition.
- Such a statutory monopoly is often justified by the need for public welfare.
- Historically, postal services were considered a statutory monopoly.
- The debate centered on whether to maintain or abolish the statutory monopoly.