#Naruto monopoly walmart full

Consider also the impact that the presence of a Walmart has on the business owners operating in that community recognizing that these businesses may or may not directly compete with Walmart remembering that they often rely on customers coming to the community from nearby towns and cities for their continued profitability.

Consider the impact that the presence of a Walmart store has on the people living in that community recognizing that those people may very likely both work and shop at Walmart.

Walmart is a discount retailer, which means that they buy items from wholesalers and then resell them to end-users like you and me at relatively low prices. In this activity, students will provide clear examples of who gains and loses under monopoly and monopsony scenarios and how those gains and losses are distributed. While most students are familiar with Walmart and its practices, I find that providing one or two articles on Walmart (see below) prior to this activity provides students with a common context in which to approach this activity.

It is appropriate in a principles of microeconomics course at any point after that material has been covered. This question assumes a basic understanding of market operations, including linkages between markets (i.e., an informal understanding of general equilibrium concepts), and an in-depth understanding of monopoly and monopsony P* and Q* outcomes relative to the perfectly competitive outcome. It then asks them to identify who from among a range of market players gains the most (and, by default, who loses the most) from the presence of the discount retailer in their community. Specifically, the activity instructs students to first consider Walmart as both a seller of goods and services and as a purchaser of goods and services. This activity has students consider the immediate effect of market power in the hands of both buyers and sellers as well as the ripple effects of that market power in related (complementary and substitute) markets, asking students who gains and who loses in a specific instance of well-recognized market power. While most principles of microeconomics courses cover monopoly, fewer of them cover monopsony despite the fact that monopsony power is a major influence in our lives as both employees and end user consumers. The businesses operating in other communities that sell to Walmart.The businesses operating in the community in which Walmart locates.The residents living in the community in which Walmart locates.Which of the following options best ranks who is affected by Walmart's presence, from most positively to most negatively affected? If one were to adopt this alternative, the options would become:

This alternative has the benefit of considering more carefully and justifying the Walmart impacts on all of the market participants.

#Naruto monopoly walmart full

Note that an alternative means of using this problem that may take slightly more time (e.g., a full 80 minute period) involves having students rank the different market participants from least to most positively (or negatively) affected rather than choosing a single most affected category.

This activity is appropriate for both large and small class sizes because the open ended nature of the question and options ensures debate. While most students are familiar with Walmart and its practices, I find that providing one or two articles on Walmart (see below) prior to this activity provides students with a common context in which to approach this activity.Īssuming that the articles have been read prior to class, this activity can be completed within a 55 minute class period or as part of a longer 80 minute class period. It is appropriate in a principles of microeconomics course at any point after this theoretical material has been covered.