Walmart is known for entering small towns and driving out its competitors. Using the theory of countervailing power, explain why the growth of Walmart may have actually increased, rather than decreased, efficiency in the United States
According to the theory of countervailing power, Walmart is so large that it can bargain effectively with its
monopolistic suppliers for competitive prices. It is large enough to force its suppliers to act competitively,
something that none of the many small firms it drove out of business was large enough to do.
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Which is an example of "short selling"?
A) The public high school that offers a before-school breakfast program for twenty dollars a month, paid the first of each month B) The public high school theater group that sells out their rendition of Grease three days before opening night C) The for-profit high school ring company that requires payment in full from graduating seniors before producing the rings of their choice D) All of the above.
Bank A has total deposits of $3 million and total reserves of $1 million. The required reserve ratio is 20 percent. The bank has excess reserves of
A) $20,000 B) $200,000 C) $400,000 D) $40,000 E) There is not enough information provided to answer this question
________ is a union's attempt to withhold labor from a firm to halt production
a. Collective bargaining b. Binding arbitration c. Mediation d. Strike
If a significant portion of firms in the economy does NOT adjust product prices, a predicted result according to new Keynesian theory is
A. real inflation cycles. B. output dynamics. C. inflation dynamics. D. real business cycles.