The Market Size for Loppins Is 40 Million Units

question 30

Multiple Choice

The market size for Loppins is 40 million units. If SPI Inc. has a market share of 40% and the average sales price is $3 per Loppin, what is the dollar amount of sales of SPI?

• A) $32 million
• B) $48 million
• C) $58 million
• D) $62 million

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