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Beth Johnson

Health-Care Cronies Seek Monopoly Powers over Contact Lenses

Mises Wire

Author: Beth Johnson

Online Publish Date: October 10, 2016

Category: Political Theory, Private Property, Health

Once upon a time, contact lens manufacturer Johnson & Johnson was on top of the world in terms of its market dominance. Today, it still produces nearly 40 percent of the world’s contact lenses, but this is nothing compared to the company’s heyday, when it enjoyed numerous government-granted monopoly powers over the contact-lens market.

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