Eye glasses are something that doesn’t need any introduction. We all wear eyeglasses and it doesn’t matter whether they are Sunglasses or Power glasses. A typical branded sunglasses cost start from 200 US$ and there is no end limit. Same is the condition of Power Glasses. But have you ever thought that why these glasses are so expensive?
Making a pair of glasses costs around 50 US$ but that same glasses are sold for around 400 US$. Its not about just the brand its about something we might have never thought. It’s an old economics concept known as monopoly. But what is this monopoly? And who owns the monopoly in the eyeglasses market? These all questions will be answered just by watching a video. Have a look:
Source: Sticker Shock