where the government grants a monopoly to a private individual or company.

A government monopoly may be run by any level of government--national, regional, local; for levels below the national, it is a local monopoly. The term 'state monopoly' usually means a government monopoly run by the national government.

Characteristics of state monopolies

A state monopoly can be characterized by its commercial behavior not being effectively limited by the competitive pressures of private organisations.

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