Wal-Mart founder Sam Walton amassed an enormous fortune in discount retailing, one of the most viciously competitive

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Wal-Mart founder Sam Walton amassed an enormous fortune in discount retailing, one of the most viciously competitive markets imaginable. How is this possible?

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:53 AM

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Wal-Mart founder Sam Walton amassed an enormous fortune in discount retailing, one of the most viciously competitive

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In longrun equilibrium the typical firm in a competitive market is only able to earn a riskadjusted normal rate of return on investment However in the ...View the full answer

Managerial Economics

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