Technology and productivity

Ever wonder why eyeglasses cost so much? Technology and productivity, combined with competition, has reduced prices for so many goods and services throughout our economy over the past several decades. Yet the price of eyeglasses remains persistently high. Read the following articles to find out why.

Create a thread and tell us your thoughts. Some things to address:

  • How did what you learned in Module 3 help you understand the article? Relate some concepts from Module 3 to the articles.
  • Why are eyeglass prices so high and what are possible solutions? Directly relate your answers to things you have learned in this class.

Your post must be at least 100 words

Unit 7: https://openstax.org/books/principles-microeconomics-2e/pages/7-introduction-to-production-costs-and-industry-structure

Unit 8 : https://openstax.org/books/principles-microeconomics-2e/pages/8-introduction-to-perfect-competition

Unit 9: https://openstax.org/books/principles-microeconomics-2e/pages/9-introduction-to-a-monopoly

Unit 10: https://openstax.org/books/principles-microeconomics-2e/pages/10-introduction-to-monopolistic-competition-and-oligopoly

https://openstax.org/books/principles-microeconomics-2e/pages/10-1-monopolistic-competition

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