If Happy Avocados controls 91 percent of the market for ready- made guacamole dip and the remaining 9 percent of the market includes many other, smaller competing firms, Happy Avocados is a______ firm.

Question

Quizplus · Accepted Answer

Happy Avocados controls a significant majority of the market share, making them a dominant firm. They do not have complete control over the market, as there are still smaller firms competing with them, but their market share is significant enough to make them a dominant player.

If Happy Avocados Controls 91 Percent of the Market for Ready-