A holder of a franchise; a person who is granted a franchise.
The holder (person, company or other) of such market domination in one of the above manners.
A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
An exclusive control over the trade or production of a commodity or service through exclusive possession.
The market thus controlled.
The privilege granting the exclusive right to exert such control.