public monopoly

Definition

noun
a situation where an organisation owned and run by the state (e.g. the Post Office) is the only supplier of a product or service

Use public monopoly in a sentence

They were a public monopoly and things were a lot more open and able to be changed since they were not private.

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The public monopoly provided a great public service to the community such as free services for the blind and disabled.

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You may want to try and break in to a public monopoly if you think you can make a better product than the competitors.

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