A historical example of a long-term, government-controlled monopoly is the Danish king's exclusive control over trade with the Faroe Islands, which lasted for two hundred years. For much of this period, there was only a single shop operating on the islands.

Google

To cite the ebook, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/.

To cite a unit, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/ Unit [unit number] (url).