Table 252 Refer to Table 25

question 135

Multiple Choice

Table 25.2 $$\begin{array} { | l | r | c | } \hline { \text { Pool Sweeper } } & \text { Output (Revenue) } & \text { Market Share (\%) } \\\hline \text { North Star } & \$ 20,000 & \\\hline \text { Hurricane } & \$ 16,000 & \\\hline \text { Blue Lagoon } & \$ 2,000 & \\\hline \text { Clean Sweep } & \$ 2,000 & \\\hline\end{array}$$ Refer to Table 25.2.Assume there are only four firms in the pool sweeper industry.What is the market share for Blue Lagoon?

• A)20 percent.
• B)50 percent.
• C)10 percent.
• D)5 percent.

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Definitions:

Independent Premise

An assertion in an argument that stands alone and does not require support from another premise to be understood or validated.

Argument

A connected series of statements intended to establish a proposition or persuade someone of a particular point of view.

Logic

The study of reasoning, or the study of the principles and criteria of valid inference and demonstration.

Evaluating

The process of assessing or judging the value, nature, character, or quality of something.