The following three FIs dominate a local market and their total assets are given below.
$\begin{array}{lccc}
\text {Institution }& \text { Asset Size}\
\text {Bank A}&\$ 50 \text { million}\
\text {Bank B}& \$ 60 \text { million}\
\text {Bank C}&\$ 90 \text { million}\
\end{array}$
What are the market shares of banks A,B and C,respectively?
A)25 percent,45 percent,and 30 percent.
B)30 percent,40 percent,and 30 percent.
C)40 percent,30 percent,and 30 percent.
D)25 percent,30 percent,and 45 percent.

Question

The following three FIs dominate a local market and their total assets are given below. 
$\begin{array}{lccc}
  \text {Institution  }&  \text { Asset Size}\
  \text {Bank A}&\$ 50    \text { million}\
  \text {Bank B}& \$ 60   \text { million}\
  \text {Bank  C}&\$ 90  \text {  million}\
\end{array}$
 What are the market shares of banks A,B and C,respectively?
A)25 percent,45 percent,and 30 percent.
B)30 percent,40 percent,and 30 percent.
C)40 percent,30 percent,and 30 percent.
D)25 percent,30 percent,and 45 percent.

Quizplus · Accepted Answer

The total assets of all banks combined is $200 million. Bank A's market share is $50 million / $200 million = 25%, Bank B's market share is $60 million / $200 million = 30%, and Bank C's market share is $90 million / $200 million = 45%.

The Following Three FIs Dominate a Local Market and Their