If Happy Campers has a market share of 55 percent and Campers R Us has a market share of 15 percent, according to Chinese law, Happy Campers Campers R Us ________be considered a dominant firm.
A)would; would not
B)would; would
C)would not; would not
D)would not; would

Question

Quizplus · Accepted Answer

According to Chinese law, a firm with a market share of 50 percent or more is considered a dominant firm. Since Happy Campers has a market share of 55 percent, it would be considered a dominant firm. And since Campers R Us has a market share of 15 percent, it is not considered a dominant firm. Therefore, the correct answer is B, i.e. Happy Campers would be considered a dominant firm while Campers R Us would not.

If Happy Campers Has a Market Share of 55 Percent