Therefore oligopolistic market organizations are price rigid which is not the case with Walmart for it gains its competitive advantage over other firms in the industry through lowering its prices and therefore driving up the sales of its commodities. Another distinguishing feature of firms in oligopolistic markets is that there exists price rigidity because changes in the price of the commodities of one firm/organization may lead to price wars among the other firms in the industry (Fishman, 2006). Organizations in oligopolistic markets also at times will agree to work together in order for them to benefit jointly. When we look at Walmart as an oligopoly, does it anticipate the reaction of its competitors before the firm makes major decisions owing to the fact that it is the largest grocery retail stores in the US? One of the major characteristic of an oligopoly market structure is that there has to be interdependence among firms (Zhu, Singh, & Manuszak, 2009). When discussing oligopoly market structure, the emphasis is not entirely on the market structure but also on the way the firm will relate with other firms in the industry. These major competitors are Kmart and Target (Zhu, Singh, & Manuszak, 2009) which have tried to cut a niche in the market. One of the reasons as to why Walmart may be referred to having an oligopoly market structure is because it is operating in an industry where there are other few competing firms which are offering the same products that Walmart is offering. ![]() When Walmart is judged from a bird’s eye view, it has the characteristics of an oligopoly. The company had to exit markets like Germany because it did not do well. The company also operates Mexico, UK, Brazil and Canada among others under different names. The company’s stores are in 55 different countries with the leading ones being in the US. The company’s sales account to billions of shillings, for instance, in 2009, the compared recorded sales of $258 US Dollars. There are four market structures namely perfect competition, monopoly, monopolistic competition and oligopoly each with its distinct characteristics.įounded in 1962, Walmart is a major grocery retailer in the United States of America with its headquarters in Arkansas (Fishman, 2006). These prevailing conditions that products are bought and sold determine the market structure in which a particular firm is to operate. Thought admittedly, it will always annoy me though that somehow Naruto and Sasuke are the most valuable “properties” in the game.Products are bought and sold differently in the market and they are bought and sold under different conditions. As long as someone doesn’t go in expecting character tokens that look like familiar characters or new rules inspired by Naruto Shippuden and its world, they’ll likely have a good time. It’s a reskinned version of Monopoly, which people might appreciate. It does seem a bit like a missed opportunity to get to “be” your favorite characters from the series. Which I suppose makes sense, given all of the major characters appear as spaces on the board. Instead, you get an Akatsuki cloud, Anbu mask, boot, Gaara’s gourd, kunai, and shuriken. ![]() There’s no attempt to change “jail.” Though the railroads are now the Akatsuki members Deidara, Kisame, Itachi, and Pain.Īlso, you unfortunately don’t get little figures of characters like Naruto, Sasuke, Sakura, and Kakashi as tokens. They don’t actually give you tasks, but instead are the standard excuses to give you a quick reward. Chance and Community Chest cards are Mission and Training cards. (Perhaps they fight better when eating properly?) The game still refers to this as rent, though if you wanted to “play along” you could pretend you’re paying to “borrow” their services for a mission. Unfortunately, the food element is only aesthetic and explanation why feeding ninja makes them better. Placing them on a ninja increases their value when someone else stops by. Onigiri are houses, while ramen bowls are hotels. While the naming and terms for items aren’t the same, their functions are.
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