Multiple Choice
Suppose there are only three firms in a market.The largest firm has sales of $500 million,the second-largest has sales of $300 million,and the smallest has sales of $200 million.The market share of the largest firm is
A) 50 percent.
B) 100 percent.
C) 60 percent.
D) 40 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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