Match the following market shares of Firm A with the Market shares of B assuming that the two business…
Firm B's share is the complement of Firm A's share in the two-firm market. Subtracting 20%, 40%, 10% and 30% from 100% gives 80%, 60%, 90% and 70%, so the matching is a-iii,…
Choose your answer
Match the following market shares of Firm A with the Market shares of B assuming that the two business firms A and B encountered a Zero-Sum Game situation:
| Market share (%) of A | Market share (%) of B |
|---|---|
| a. 20 | i. 60 |
| b. 40 | ii. 70 |
| c. 10 | iii. 80 |
| d. 30 | iv. 90 |
Answer and explanation
Correct answer B
Firm B's share is the complement of Firm A's share in the two-firm market. Subtracting 20%, 40%, 10% and 30% from 100% gives 80%, 60%, 90% and 70%, so the matching is a-iii, b-i, c-iv, d-ii.
Practice for these exams
-
Telangana SET (TG SET)