Table 25.2 $$\begin{array} { | l | r | c | }
\hline { \text { Pool Sweeper } } & \text { Output (Revenue) } & \text { Market Share (\%) } \
\hline \text { North Star } & \$ 20,000 & \
\hline \text { Hurricane } & \$ 16,000 & \
\hline \text { Blue Lagoon } & \$ 2,000 & \
\hline \text { Clean Sweep } & \$ 2,000 & \
\hline
\end{array}$$ 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.

Question

Table 25.2 $$\begin{array} { | l | r | c | } 
\hline  { \text { Pool Sweeper } } & \text { Output (Revenue) } & \text { Market Share (\%) } \
\hline \text { North Star } & \$ 20,000 & \
\hline \text { Hurricane } & \$ 16,000 & \
\hline \text { Blue Lagoon } & \$ 2,000 & \
\hline \text { Clean Sweep } & \$ 2,000 & \
\hline
\end{array}$$ 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.

Quizplus · Accepted Answer

The Answer of Table 25.2 $$\begin{array} { | l | r | c | } 
\hline  { \text { Pool Sweeper } } & \text { Output (Revenue) } & \text { Market Share (\%) } \
\hline \text { North Star } & \$ 20,000 & \
\hline \text { Hurricane } & \$ 16,000 & \
\hline \text { Blue Lagoon } & \$ 2,000 & \
\hline \text { Clean Sweep } & \$ 2,000 & \
\hline
\end{array}$$ 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.

Table 252 Refer to Table 25