Hey Four Eyes! Nice Monopoly, Ya NERD!!

If you’re like me and you need glasses, you’ve probably wondered why you have to pay $200-300 for a decent set of frames. Well, I stumbled onto an article recently which explained what many others already knew: we’re getting the ol’ monopoly guy treatment from a company called Luxottica. This Forbes article has a neat little rundown of what happens when a monopolist can set prices due to market share. The article claims that their share of the total eyeglass market is 80% and includes basically every well known brand. Snopes did a fact check, and while the 80% figure may not be all the way correct, there is still a significant markup on glasses that Luxottica is able to achieve due to their monopolist position.

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