Failed to materialize would be objectively wrong. I even gave you a direct example in the tactics that Walmart pulled in order to destroy local stores.
You can also look at how dreadful the situation is for ISPs in America.
Walmart's tactics are extremely well-known and well-cited but if you're unable to even glance at the Wikipedia page: [1] [2] [3] [4].
You would have to be not arguing in good faith to somehow not be aware of all of the monopolistic and anti-consumer tactics Walmart has pulled, been accused of and has had to legally dealt with over the long period of time they've been active. So if you want to make any arguments about how the free market works, I think you should start by looking deeply at how Walmart is ran.