If Fruit Toddler Treats controls 90 percent of the organic fruit popsicle market and the remaining 10 percent includes many other, smaller competing firms, Fruit Toddler Treats is a firm and the remaining firms are _______.

Question

Quizplus · Accepted Answer

Fruit Toddler Treats is the dominant firm because it controls the majority of the market, while the smaller firms make up the competitive fringe.

If Fruit Toddler Treats Controls 90 Percent of the Organic