$$\begin{array} { | c | r | }
\hline \text { Bank } & \text { Asset Size } \
\hline 1 & \text { \$100 million } \
\hline 2 & \text { \$200 million } \
\hline 3 & \text { \$500 million } \
\hline
\end{array}$$
-What is the market share of Bank 3?
A)12.5 percent.
B)37.5 percent.
C)25.0 percent.
D)62.5 percent.
E)50.0 percent.

Question

$$\begin{array} { | c | r | } 
\hline \text { Bank } & \text { Asset Size } \
\hline 1 & \text { \$100 million } \
\hline 2 & \text { \$200 million } \
\hline 3 & \text { \$500 million } \
\hline
\end{array}$$
-What is the market share of Bank 3?
A)12.5 percent.
B)37.5 percent.
C)25.0 percent.
D)62.5 percent.
E)50.0 percent.

Quizplus · Accepted Answer

The total asset size of all banks is $100 million + $200 million + $500 million = $800 million. Bank 3's asset size is $500 million. The market share of Bank 3 is ($500 million / $800 million) * 100% = 62.5%.

-What Is the Market Share of Bank 3? A)12

-What Is the Market Share of Bank 3?
A)12