https://www.youtube.com/watch?v=yvTWjWVY9Vo

Assignment:

Watch the video above, which details the oligopolistic optical market, and answer the following questions:

1) How can excessive market concentration harm consumers? Particularly write about and articulate how individuals are harmed at the micro-level (think in terms of opportunity cost).

2) How can Luxottica's position as the dominant firm in the optical market be challenged?

Your overall response should be at least one paragraph. In addition, it is required to reply to at least two other students' posts by offering respectful suggestions, comments, or critiques related to the subject matter and their post.