A market in which competition and entry are restricted by the granting of a monopoly franchise, government licence, patent, or copyright is called a

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A legal monopoly is a market where competition and entry are restricted due to the granting of exclusive rights or privileges by the government, such as a monopoly franchise, government license, patent, or copyright. These legal instruments prevent other competitors from entering the market, thus creating a monopoly situation legally.

A Market in Which Competition and Entry Are Restricted by the Granting