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Table 252 Refer to Table 25

Question 135

Multiple Choice

Table 25.2  Pool Sweeper  Output (Revenue)   Market Share (%)   North Star $20,000 Hurricane $16,000 Blue Lagoon $2,000 Clean Sweep $2,000\begin{array} { | l | r | c | } \hline { \text { Pool Sweeper } } & \text { Output (Revenue) } & \text { Market Share (\%) } \\\hline \text { North Star } & \$ 20,000 & \\\hline \text { Hurricane } & \$ 16,000 & \\\hline \text { Blue Lagoon } & \$ 2,000 & \\\hline \text { Clean Sweep } & \$ 2,000 & \\\hline\end{array} Refer to Table 25.2.Assume there are only four firms in the pool sweeper industry.What is the market share for Blue Lagoon?


A) 20 percent.
B) 50 percent.
C) 10 percent.
D) 5 percent.

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