The 1999 and 2000 Market Share Data of the Three

question 67

Multiple Choice

The 1999 and 2000 market share data of the three competitors (A,B,and C) in an oligopolistic industry are presented in the following pie charts.Total sales for this industry were $1.5 billion in 1999 and $1.8 billion in 2000.Company C's sales in 2000 were ___.

• A)$342 million
• B)$630 million
• C)$675 million
• D)$828 million
• E)$928 million

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Definitions:

Fixed Manufacturing Expenses

Costs that do not vary with the level of production or sales, such as rent, salaries of permanent staff, and equipment depreciation.

Fixed Selling

Refers to selling expenses that remain constant regardless of the level of sales or production activity.

Administrative Expenses

Costs associated with the general management and administration of a business, such as salaries of executive personnel, legal and professional fees.

Special Equipment

Devices or machinery tailored for specific tasks or operations that are not part of the standard manufacturing process.