The Following Pie Chart Shows the Market Share of the Only

question 41

Multiple Choice

The following pie chart shows the market share of the only three brands in a market at the end of last year: If by the end of the current year, brand C increases its market share to 51%, brand B maintains its market share, and total market sales increase by 15%, then this year's sales for brand A will be

• A)67
• B)65
• C)55
• D)53
• E)50

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Definitions:

Market Structure

Market Structure refers to the organizational and other characteristics of a market, largely influencing the nature of competition and pricing within the market.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power.

Homogeneous Products

Refers to goods that are identical in quality and features, making them perfect substitutes for each other in the eyes of consumers.

Decision Variable

A variable that represents choices available to the decision-maker in problem-solving or optimization scenarios.