If Happy Campers, Campers R Us, and Happy Trails each have a market share of 22 percent, according to Chinese law, Happy Campers ______ be considered a dominant firm because the total market share across the three firms is _____percent.
A)would; 66
B)would; 22
C)would not; 66
D)would not; 22

Question

Quizplus · Accepted Answer

Under Chinese law, a firm is generally considered dominant if it has a market share of 50% or more. Since Happy Campers only has a 22% market share and the combined share of the three firms is 66%, no single firm has a dominant position based on market share alone.

If Happy Campers, Campers R Us, and Happy Trails Each