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597. Why Do Your Eyeglasses Cost $1,000?

Freakonomics Radio

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Antitrust Laws and the Tech Industry

Antitrust laws were neglected in the 2010s, allowing tech giants like Google to acquire competitors without challenge, resulting in a consolidation of power. The merger between Essalure and Luxottica should have been blocked, as it led to a monopoly in the eyewear industry. Tim Wu advocates for stricter antitrust enforcement to combat industry consolidation, as seen in the Biden administration's initiative to promote competition in the economy.

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