Garage Cleaner Output (revenue) Market Share (%) South Star $13,000 Constellation $25,000 Clean Sweep $9,000 Slam Dunk $17,000 Assume there are only four firms in the garage cleaning industry. What is the combined market share of Clean Sweep and Constellation? Round to the nearest percentage point. 14% 47% 53% 100%

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition
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Problem 9E
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Garage Cleaner
Output (revenue)
Market Share (%)
South Star
$13,000
Constellation
$25,000
Clean Sweep
$9,000
Slam Dunk
$17,000
Assume there are only four firms in the garage cleaning industry. What is the
combined market share of Clean Sweep and Constellation? Round to the nearest
percentage point.
14%
47%
53%
100%
Transcribed Image Text:Garage Cleaner Output (revenue) Market Share (%) South Star $13,000 Constellation $25,000 Clean Sweep $9,000 Slam Dunk $17,000 Assume there are only four firms in the garage cleaning industry. What is the combined market share of Clean Sweep and Constellation? Round to the nearest percentage point. 14% 47% 53% 100%
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