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The point of my example (which has some mapping to the real world) is that Costco does successfully compete with Walmart and pays “decent” wages, but to a lot f
by twoodfin 9y ago
The point of my example (which has some mapping to the real world) is that Costco does successfully compete with Walmart and pays “decent” wages, but to a lot fewer people. Costco has put smaller retail outlets out of business, too.
- maxerickson 9y agoCostco doesn't compete with Walmart. It is much more selective about where it places stores (each store needs to serve many more people) and it stocks a smaller number of mostly higher revenue items.