Quote:
Originally Posted by Tyrone Slothrop
This is not defensible as competition "in the weakest sense." It's competition driving prices down. Not everyone deals with Wal-Mart. If you don't want to deal with them, you find another channel (because the idea that they are a monopsonist, generally speaking, is silly). Wal-Mart demands low price, because that's what they promise consumers. That's how they compete. That is competition. And consumers like it, which is why they keep going back.
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I don't shop at Walmart, so I'm really struggling to think about what products over which they might exercise monopsony.
