$\begin{array}{lr}
\begin{array}{c}
\text { Pool Sweeper } \
\text { Producer }
\end{array} & \begin{array}{c}
\text { Output } \
\text { (Revenue) }
\end{array}
& \begin{array}{c}
\text {Market Share}\
\text {(Percent)} \
\end{array} \
\text { North Star } & \$ 20,000 &\underline{\quad\quad}\
\text { Hurricane } & \$ 16,000 &\underline{\quad\quad}\
\text { Blue Lagoon } & \$ 2,000 &\underline{\quad\quad}\
\text { Clean Sweep } & \$ 2,000&\underline{\quad\quad}
\end{array}$

$\text { Table } 25.2$ 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

$\begin{array}{lr}
\begin{array}{c}
\text { Pool Sweeper } \
\text { Producer }
\end{array} & \begin{array}{c}
\text { Output } \
\text { (Revenue) }
\end{array} 
 & \begin{array}{c}
 \text {Market Share}\
 \text {(Percent)} \
\end{array} \ 
 \text { North Star } & \$ 20,000 &\underline{\quad\quad}\
\text { Hurricane } & \$ 16,000 &\underline{\quad\quad}\
\text { Blue Lagoon } & \$ 2,000 &\underline{\quad\quad}\
\text { Clean Sweep } & \$ 2,000&\underline{\quad\quad}
\end{array}$

$\text { Table } 25.2$ 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, first find the total market revenue by adding the revenues of all firms: $20,000 (North Star) + $16,000 (Hurricane) + $2,000 (Blue Lagoon) + $2,000 (Clean Sweep) = $40,000. Then, calculate North Star's market share: ($20,000 / $40,000) * 100% = 50%.

Table 25.2\text { Table } 25.2 Table 25.2 Refer to Table 25

$\text { Table } 25.2$ Refer to Table 25