The 2019 and 2020 Market Share Data of the Three

question 14

Multiple Choice

The 2019 and 2020 market share data of the three competitors (A, B, and C) in an oligopolistic industry are presented in the following pie charts: Which of the following is true?

• A)Only company B gained market share.
• B)Only company C lost market share.
• C)Company A lost market share.
• D)Company B lost market share.
• E)All companies lost market share.

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Definitions:

Servicing Model

A labor union approach focused on providing services and support to members, such as legal advice, instead of emphasizing collective action.

Organizing Model

A strategy in labor movements focusing on building grassroots support among workers, aiming to increase union membership and worker participation.

Union Representation

The act of labor unions acting as intermediaries between workers and employers, negotiating contracts for better wages, working conditions, and benefits on behalf of their members.

Union Substitution

Practices or strategies employed by an employer to avoid unionization, often by addressing workers' grievances directly and improving working conditions.