WalMart Merger - Assignment ExampleThe paper has been divided into two main parts: the first part mainly dealing with the Retail Industry, the major players, their production schemes, and their impact on the consumers and society overall. The second part deals with the advantages and disadvantages the firms might have because of the merger. PART I: INTRODUCTION Oligopoly is characterized as consisting of a small number of large sellers, being called the ‘Competitive Fringe’, with a few big firms dominating the entire industry’s production (Lipsey, 2004). These big firms, act as the trend-setters in terms of price and output, and are a major reflection of the entire Market. In this instance, the Retail market, is characterized by one big firm – Wal-Mart, with smaller firms either adhering to an acquisition or a merger, for their benefit. For example, in the United Kingdom, the Big Five Banks – Barclays, Lloyds TSB, Royal Bank of Scotland, HSBC and HBOS - dominate the Banking Sector.
