What four market models does Walmart fall under?
Walmart is a monopoly and can also be considered an oligopoly. We have the characteristics of both for Walmart. Due to their size and power, they have monopolistic power over the supply, and they exert this control through each of their retail locations. With Walmart, there are many buyers as consumers, but Walmart has the market power to offer the ...
The solution explains which of the four market models Walmart falls under.