$$\begin{array}{l}
\begin{array} { l l r }
\text { Pool Sweeper } &\text { Output } &\text { Market share } \
\text { Producer }&\text { (Revenue) }&\text { (percent) }\
\hline \text { North Star } & \$ 20,000 &\_\_\_\_\_\
\text { Hurricane } & \$ 16,000 &\_\_\_\_\_\
\text { Blue Lagoon } & \$ 2,000 &\_\_\_\_\_\
\text { Clean Sweep } & \$ 2,000&\_\_\_\_\_\
\end{array}
\end{array}$$
Table 25.2 Refer to Table 25.2.Assume there are only four firms in the pool sweeper industry.What is the market share for North Star?
A) 20 percent.
B) 50 percent.
C) 10 percent.
D) 5 percent.

Question

$$\begin{array}{l}
\begin{array} { l l r } 
\text { Pool Sweeper } &\text { Output } &\text { Market share } \
\text { Producer }&\text { (Revenue) }&\text { (percent) }\
\hline \text { North Star } & \$ 20,000 &\_\_\_\_\_\
\text { Hurricane } & \$ 16,000 &\_\_\_\_\_\
\text { Blue Lagoon } & \$ 2,000 &\_\_\_\_\_\
\text { Clean Sweep } & \$ 2,000&\_\_\_\_\_\
\end{array}
\end{array}$$
Table 25.2 Refer to Table 25.2.Assume there are only four firms in the pool sweeper industry.What is the market share for North Star?
A) 20 percent.
B) 50 percent.
C) 10 percent.
D) 5 percent.

Quizplus · Accepted Answer

To calculate the market share for North Star, add up the total revenue from all producers: $20,000 (North Star) + $16,000 (Hurricane) + $2,000 (Blue Lagoon) + $2,000 (Clean Sweep) = $40,000. North Star's revenue is $20,000, so its market share is $20,000 / $40,000 = 0.5 or 50%.

Table 252 Refer to Table 25