In the News
Oligopoly - Why is insulin so expensive?
14th February 2019
A fascinating Business Insider clip looking at why insulin is so expensive in the US - and why it hasn't always been that way.
Insulin is an essential drug for diabetics, but the price has increased so dramatically. Why? You would think that the absence of patent protection would reduce the market price of insulin.
Well, insulin is only produced by three firms in the US - who claim to set prices independently - but as a good economist with an understanding of business behaviour in an oligopoly, you might think differently.
This is a fantastic look at the nature of the markets and a really rather worrying clip.
You might also like

Classroom Activity: The Oligopoly Game
2nd October 2012

UK Taxi Wars are Hotting Up
24th October 2014
What is Market Concentration?
Study Notes
Revenues and Profits in the UK Cinema Industry
Study Notes
Price elasticity of demand (Revision Presentation)
Teaching PowerPoints
Determinants of Demand (Revision Presentation)
Teaching PowerPoints
Elasticity of Demand & Supply Revision Quiz
Quizzes & Activities
Oligopoly Revision Quiz
Quizzes & Activities