Explanations
Why are glasses so expensive?
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
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!
![](https://tutor2u-net.imgix.net/subjects/economics/statistic_id241586_global-gross-profits-of-luxottica-2007-2018.png?auto=compress%2Cformat&fit=clip&q=80&w=800)
You might also like
Competition & Monopoly Revision Quiz
Quizzes & Activities
Business Profits and Losses
Teaching PowerPoints
Conditions to enable Price Discrimination
Topic Videos
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Economics of NHS Car Parking Charges
28th December 2016
Test 13: A Level Economics: MCQ Revision on Monopoly and Oligopoly
Practice Exam Questions
Key Diagrams - Monopoly and Allocative Efficiency
Topic Videos
Why is Tesco so profitable?
Study Notes
3.4.5 Monopoly Entry Barriers (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints