Experts have a lot to say about monopolies and oligopolies in Costa Rica. On August 13, they will share their thoughts in a virtual forum, at 5:30 pm, via teams.
The Organization for Economic Cooperation and Development welcomed Costa Rica as a member nation but pointed out that there are high prices in the country due to lack of competition. It also stated that the profit margins in the country, in certain sectors, are higher than in most other member countries.
On Thursday, we can hear the following presentations: “Why does competition matter?” “Market power and regulation,” The powers of Coprocom,” “Implications of little competition in the market for the lives of consumers,” and “Legal changes to join the OECD were done without touching the monopolistic structures of the markets.”
The OECD makes recommendations to improve competition, and thus prices, in Costa Rica. The changes will only come about if we start to acknowledge and talk about the problem as these experts will do tomorrow.