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Walmart is the chosen firm. - Describe the firm, including such information as its products or...

Walmart is the chosen firm.

- Describe the firm, including such information as its products or services, annual sales, and

market share (This information is readily available in the library’s IBIS World database).

- Describe the product market(s) in which it operates.

For instance, does it operate within an oligopoly or monopolistically competitive market, a perfectly competitive market, or is it a monopoly? (Choose the closest fit.)

Explain.

- Does it operate in only one region of the United States? Does it operate nationally or internationally? Explain.

Who are its competitors?

Give a brief overview of the other businesses in the market.

Identify and explain at least 2 economic concepts that this firm seems to use to its advantage.  

Examples might include product differentiation; attainment of economies of scale; advertising; whether the firm is regional, national, or international; and so on.  

You may include an explanation of how any significant recent events or changes in this market have affected this firm. Examples are mergers and acquisitions, technological change, legal issues, whether market demand is expanding, and so on.

Provide your evaluation of how this firm might better respond to the challenges it faces.

Please include an explanation of how any significant recent events or changes in this market have affected this firm. Examples are mergers and acquisitions, technological change, legal issues, whether market demand is expanding, and so on.

Provide your evaluation of how this firm might better respond to the challenges it faces.

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