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The Market Size for Loppins Is 60 Million Units

Question 13

Multiple Choice

The market size for Loppins is 60 million units. If SPI Inc. has a market share of 20% and the average sales price is $3 per Loppin, what is the dollar amount of sales of SPI?


A) $32 million
B) $36 million
C) $38 million
D) $42 million

Correct Answer:

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