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...market power an aspect that is characterizes firm in a monopolistic market structure. Major competitors Based on the free entry aspect of the retail industry, Walmart is faced by various competitors in the US market and in the UK market as well as in other countries. For example, in the North America market major competitors are Target, Meijer, Kmart, Big Lots, Costco and ShopKo. In UK, the company is faced with stiff competition from Tesco. In their efforts to face off Walmart in the market, the competitors have embarked on extensive marketing strategies that include selling of products that are low priced as well as similar to those provided by Walmart. For example, Target... ? 25th November Walmart...