A legal monopoly, statutory monopoly, or de jure monopoly is a monopoly that is protected by law from competition. A statutory monopoly may take the form of a government monopoly where the state owns the particular means of production or government-granted monopoly where a private interest is protected from competition such as being granted exclusive rights to offer a particular service in a specific region while agreeing to have their policies and prices regulated. [1] This type of monopoly is usually contrasted with de facto monopoly which is a broad category for monopolies that are not created by government. In economics, a monopoly (from the Latin word monopolium - Greek language monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a product or service. ... scheiiiißßßßßee!!!!!!!!!!!!!regional, local; for levels below the national, it is a local monopoly. ... In economics, a government-granted monopoly (also called a de jure monopoly) is a form of coercive monopoly in 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...

Claims of natural monopoly, where it is asserted that one business is more efficient than two competiting to provide the same good service, are often used as a justification for legislation to create a legal monopoly. In economics, a natural monopoly occurs when, due to the economies of scale of a particular industry, the maximum efficiency of production and distribution is realized through a single supplier [citation needed]. Some free market-oriented economists argue that natural monopoly exists only in theory, and not in practice. ...

Governments grant monopolies in the form of patents, trademarks, and copyrights. Holders of these de jure monopolies enjoy the protection of federal law when marketing or licensing the products and services to which they apply. For example, federal law prohibits the sale of a hamburger called a Big Mac at any establishment other than McDonalds. In other words, McDonalds has a monopoly on the Big Mac. There is competition, however, with substitutes such as the Whopper at Burger King, so there is not a monopoly in hamburgers in general. McDonalds Big Mac, purchased in Australia The Big Mac is a type of hamburger, a signature sandwich sold by the McDonalds chain of fast-food restaurants, since 1968. ... McDonalds Corporation (NYSE: MCD) is the worlds largest chain of fast-food restaurants [1]. Although McDonalds did not invent the hamburger or fast food, its name has become nearly synonymous with both. ... A Burger King Whopper sandwich The Whopper sandwich is the signature product sold by the international fast-food restaurant chain Burger King. ... Burger King, Seoul, South Korea Burger King Corporation is a large international chain of fast food restaurants, predominantly selling burgers, french fries, soft drinks, desserts, and various sandwiches. ...