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Some argue that public assistance programs like food stamps and Medicaid subsidize low-income employees at large firms like Walmart and that these firms respond by
Some argue that public assistance programs like food stamps and Medicaid subsidize low-income employees at large firms like Walmart and that these firms respond by offering lower wages than would otherwise be offered. Assess this argument - does it make sense? If you were a Walmart shareholder, would you support a more generous public assistance program or not? Carefully explain your reasoning and any graphs you use.
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