State Two Examples of Government-Created Monopolies

question 50

Short Answer

State two examples of government-created monopolies.

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Definitions:

Illegal

Actions or activities that are expressly prohibited by law and subject to penal consequences.

Court's Use

Refers to the application and implementation of law and legal procedures by a court.

Notional Severance

The theoretical division or separation of property, especially in the context of legal judgments or estate planning, without an actual physical division.

Illegal Contract

A contract that is void and unenforceable from the onset because it involves activities that violate the law or public policy.