Earlier quoted context omitted.
There's no monopoly. You can buy identical glasses on the side of the street for $10. Except you aren't going to get the RayBan logo, and that's what people are paying for.
Technically not a monopoly but colloquially I disagree. They account for 30% of the global market. They own key brands, license key premium names, and control key distributors like sunglass hut and LensCrafters. Their cost to manufacture vs sale price shows a clear ability to price like a monopoly. As does their ability to box out competitors. The $10 look alikes are not identical. They generally are cheaper material…
No, it doesn't. It shows there exists demand for their products at that price point.
>As does their ability to box out competitors.
They have none. Anyone can go to various websites and order cheaper sunglasses that work just as well, or go to Costco and buy them for $25.