Understanding Market Share: Analyzing Firm Sales Distribution
School
Palm Beach State College**We aren't endorsed by this school
Course
ECO 2023
Subject
Economics
Date
Dec 10, 2024
Pages
1
Uploaded by ChuChu2024
6. 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.
