If Magic Wipes controls 83 percent of the sanitary wipes market and the remaining 17 percent includes many other, smaller competing firms, Magic Wipes is a _______ firm and the remaining firms are ______ _.

Question

Quizplus · Accepted Answer

Magic Wipes is a dominant firm because it controls a large share of the market, while the remaining firms are part of the competitive fringe because they are smaller and have a smaller market share compared to Magic Wipes.

If Magic Wipes Controls 83 Percent of the Sanitary Wipes