Principle of Microeconomics
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The most successful firm in US retailing during the last few years is Wal-Mart. Has Wal-Mart’s success fulfilled the virtues of competition described in this chapter? Has there been a cost of Wal-Mart’s success?
Find out what the critics contend at:Â http://www.walmartwatch.com/Â List the problems allegedly caused by Wal-Mart for its employees, local communities, consumers, and the environment.
Find out how Wal-Mart responds at:Â http://www.walmartstores.com/wmstore/wmstores/HomePage.jsp
What is the most serious charge against Wal-Mart?
What is the most significant benefit Wal-Mart offers?