Regulated Monopoly
/ˈrɛɡjʊleɪtɪd məˈnɒpəli/
Definitions
- (n.) A market situation where a single firm is granted exclusive control over a commodity or service by law, but is subject to governmental regulation to control prices and quality.
The utility company operates as a regulated monopoly to ensure affordable electricity with oversight from the regulatory commission.
Forms
- regulated monopoly
- regulated monopolies
Related terms
See also
Commentary
The term emphasizes legal and economic controls over a monopolistic provider to balance public interest with economic efficiency.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.