Respuesta :
The Correct Answer is - Option (2) 50 Percent
According to question , We are given.
- There are only three firms in a market.
- The largest firm has sales of $500 million.
- The second-largest has sales of $300 million.
- The smallest has sales of $200 million.
As we know:
Total sales of the largest company = $500 million.
Total sales of the market = Sales of largest firm + Sales of second largest firm + Sales of smallest firm.
Total sales of the market
⇒ $500 million + $300 million + $200
= $1000 million
Market Share = Total sales of the firm/total sales of the market × 100
⇒ 500/1000 × 100
= 50 %
Therefore, Market Share of the largest firm is 50%
To know more about market firms , click the given links.
https://brainly.com/question/15699469
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Correct Question - Suppose there are only free firms in a market. The largest firm has sales of $550 million, the second largest has sales of $300 million, and the smaller has sales of $200 million. The market share of the largest firm is
1) 60 percent
2) 50 percent
3) 40 percent
4) 100 percent
