Market share is the percentage of total
A)Market output produced by the largest firm in an industry.
B)Market output produced by a single firm.
C)Market output produced by the four largest firms in an industry.
D)Industry profit earned by a single firm.

Question

Quizplus · Accepted Answer

Market share refers to the percentage of the total market output (sales, revenue, etc.) produced or controlled by a single firm. It is a measure of a company's size relative to its market.

Market Share Is the Percentage of Total