One of the most common criticisms of Wal-Mart is that it drives small “Mom and Pop” businesses out of business, because they can’t afford to compete with the larger store’s prices and selection. If true, this would be a mark against the company (though whether this downside would be more than compensated by, say, the store’s lower prices and wider selection is a different matter). But is it true? According to a recent article in Regulation by West Virginia University... Read more