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Let's Talk Money

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Submitted By hxhylto
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Let’s Talk Money
Harrold Hylton
ECO/415
March 12, 2012
Gregory Czar

Let’s Talk Money
The retail conglomerate Wal-Mart current CEO is Mr. Michael Duke. Mr. Duke has agreed to meet with the Talk show host Steve Harvey and President Barrack Obama. During the session the discussion will center around Wal-Mart’s impact on today’s economy, and the government’s role in ensuring fairness.
(Host)-First, we would like to thank the President of the United States for taking time out of his busy schedule to appear on “Let’s Talk Money”.
(President Obama)- Your are welcome, after all it is a election year (said jokingly)
(Host)- Next, we would like to thank Mr. Duke for taking time to meet with us and allowing us to learn more about the #1 employer in the United States.
(President Obama)-Steve, excuse I believe you are mistaken, according to my right wing friend the U.S. government is the #1 employer (said jokingly once again).
(Audience)-Laughing.
(Host)-You got me there.
(Host)(gaining his composure)-We are here to be exposed to the steps Wal-Mart is taking to maintain compliance with the antitrust laws and the economically impact Wal-Mart has on the economy and can Wal-Mart aid the federal government in making the economical situation better for all.
(Host)- In what type of situations might Wal-Mart run a high risk of violating antitrust laws?
(Steve)-Recently, Wal-Mart has found itself in court, defending itself against a charge of creating a monopoly. This came about in 2002, when Wal-Mart decided to enter the online DVD rental market. Four years later a lawsuit was filed stating that Wal-Mart and Netflix were creating a monopoly of the online DVD market. Mr. Duke, How would you respond to this?
(Mr. Duke)-Well Steve, Wal-Mart and Netflix never conspired to create a monopoly that is just a false accusation. However, Wal-Mart did find this business

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