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Explanations

Why are glasses so expensive?

Geoff Riley

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!

Why Glasses Are So Expensive?

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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