> 4) Wait as other businesses run out of money due to not being able to compete on price.
> 5) raise prices once monopoly is established.
Do you have any evidence of this?
I'm originally from northern Arkansas and my town has store #0002. It opened in the 60s, but it was converted to one of the first Supercenters in the early 90s. As far as I know none of the local grocery stores there have closed - both of them are still there to this day.
I live in Charlottesville, VA today, and there are three WalMarts within ~25 miles of me - yet there are also many other regional and national chains operating in the area, the most notable of which is probably Wegman's which just expanded here.
> 5) raise prices once monopoly is established.
Do you have any evidence of this?
I'm originally from northern Arkansas and my town has store #0002. It opened in the 60s, but it was converted to one of the first Supercenters in the early 90s. As far as I know none of the local grocery stores there have closed - both of them are still there to this day.
I live in Charlottesville, VA today, and there are three WalMarts within ~25 miles of me - yet there are also many other regional and national chains operating in the area, the most notable of which is probably Wegman's which just expanded here.