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The Market Size for Loppins Is 40 Million Units

Question 30

Multiple Choice

The market size for Loppins is 40 million units. If SPI Inc. has a market share of 40% and the average sales price is $3 per Loppin, what is the dollar amount of sales of SPI?


A) $32 million
B) $48 million
C) $58 million
D) $62 million

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