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When Walmart arrives in a small town, many existing mom-and-pop stores go out of business in 6 to 12 months. In terms of economic efficiency,
When Walmart arrives in a small town, many existing mom-and-pop stores go out of business in 6 to 12 months. In terms of economic efficiency, is Walmart's presence good or bad? Is it possible for a smaller store to successfully compete with a national retailer such as Walmart? Explain.
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