. Instructions 1. Review the rubric to make sure you understand the criteria for earning your grade. 2. Read the following short article about Walmart and how it uses economies of scale: Low-Cost Producer or Economies of Scale. a. Describe how Walmart uses its size and volumes to create a competitive advantage. b. How does Walmart compare to its smaller rivals in terms of its cost structure versus its smaller competitors such as Target or Costco? c. In an environment of hyper-competition, which firm(s) would likely maintain its (their) competitive advantage in such an atmosphere? 3. When you have completed your assignment, save a copy for yourself and submit a copy of the Word document and spreadsheet to your instructor using the Assignment submission page by the end of the workshop