**Title: Market Share Analysis of Sunny Valley Fruit Company****Instructions:** Round your answers to two decimal places.**Scenario:**Suppose that there are only three types of fruit sold in the United States. Annual sales are:- 1,200,000 tons of blueberries- 5,400,000 tons of strawberries- 12,000,000 tons of bananasOf these total amounts, the Sunny Valley Fruit Company sells:- 1,100,000 tons of blueberries- 900,000 tons of strawberries- 9,200,000 tons of bananas**Questions:**a. What is Sunny Valley’s market share if the relevant market is blueberries? [_____] percent*Consider if a court applies the "90-60-30 rule" when considering just the blueberry market. Would it rule that Sunny Valley is a monopoly?*(Select an option)b. What is Sunny Valley’s market share if the relevant market is all types of berries? [_____] percent*Would the court rule Sunny Valley to be a monopolist in that market?***Analysis:**- **Option A:** Determine Sunny Valley's market share in the blueberry market.- **Option B:** Calculate Sunny Valley's market share in the combined market of all berries.This exercise involves calculating the market share as a percentage by dividing Sunny Valley's sales by the total market sales for each scenario. ### Market Analysis of Sunny Valley**a. Blueberry Market Monopoly Analysis**- **Question:** If a court applies the "90-60-30 rule" when considering just the blueberry market, would it rule that Sunny Valley is a monopoly? - **Response:** [Dropdown Selection]**b. Market Share in Berry Market**- **Question:** What is Sunny Valley's market share if the relevant market is all types of berries? - **Response:** [Text Box for Percentage] percent- **Follow-up:** Would the court rule Sunny Valley to be a monopolist in that market? - **Response:** [Dropdown Selection]**c. Market Share in Fruit Market**- **Question:** What if the relevant market is all types of fruit? What is Sunny Valley's market share? - **Response:** [Text Box for Percentage] percent- **Follow-up:** Would the court consider Sunny Valley to be a monopolist? - **Response:** [Dropdown Selection]

he following table describes the overall production of all the types of berries is given below…

Answered: Suppose that there are only three types…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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