The 2010 and 2012 market share data of the three competitors (Alston, Baren, and Clemson) in an oligopolistic industry are presented in the following pie charts:
Which of the following may be a false statement?
A) Sales revenues declined at Clemson.
B) Only Clemson lost market share.
C) Alston gained market share.
D) Baren gained market share.
E) Both Alston and Baren gained market share.

Question

The 2010 and 2012 market share data of the three competitors (Alston, Baren, and Clemson) in an oligopolistic industry are presented in the following pie charts:  
Which of the following may be a false statement?
A) Sales revenues declined at Clemson. 
B) Only Clemson lost market share. 
C) Alston gained market share. 
D) Baren gained market share. 
E) Both Alston and Baren gained market share.

Quizplus · Accepted Answer

We cannot determine from the given data whether sales revenues declined at Clemson. Market share does not directly correspond to sales revenue.

The 2010 and 2012 Market Share Data of the Three