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Definition Of Franchised Monopoly:


Monopoly status given by the government to a company.
A franchised monopoly is sheltered from competition by virtue of an exclusive license or patent granted to it by the government. Franchised monopolies are legal.In most nations, franchised monopolies can be found in essential sectors such as transportation, water supply and power. In many countries, primarily developing nations, natural resources such as oiland gas, and metals andminerals are also controlled by government-sanctioned monopolies. While one argument in favor of franchised monopolies is that they ensure thatcontrol over essential industries remains in the hands of the public, opponents of such monopolies claim that they promote favoritism and introduce market distortions.

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