Explanations
Why are glasses so expensive?
16th May 2019
Why Glasses Are So Expensive? One glaringly obvious answer is that Italian firm Luxottica owns 40% of the US market and has a major presence in many other developed and emerging countries. This is classic example of an oligopoly where the dominant brands have significant market power. Watch the video and focus!
You might also like
Amazon agrees e-book pricing deal with major publisher
21st October 2014
Growing Challenges Facing Privatised Royal Mail
17th October 2014
Tim Harford on Monopoly and Innovation
27th August 2014
Profit Satisficing and Profitability Factors
30th January 2014
Profit
Study Notes
Profit Maximisation
Study Notes
Functions of Profit
Study Notes