a state of limited competition, in which a market is shared by a small number of producers or sellers.
And yes, they should. Our laws focus on Monopolies, but the big boys figured out a long time ago that if they let a single major competitor exist that the government cannot really touch them. This is why Target and Costco exist and Walmart does not do everything in their power to stomp them out.
Walmart like monopolies should be regulated.
The word you are looking for is “Oligopoly”
And yes, they should. Our laws focus on Monopolies, but the big boys figured out a long time ago that if they let a single major competitor exist that the government cannot really touch them. This is why Target and Costco exist and Walmart does not do everything in their power to stomp them out.