You do decide to enter the market. You estimate that your company could command 19,500 of the possible doughnuts sold. If you were to sell your doughnuts at the same price of $2.19 per unit and the rest of the competitors in the market sell their doughnuts at an average of $1.99, what would your market share be for this doughnut market? Use the demand from the existing competitors from question 5 (136,500) to estimate share. Show your work. O 11.52% 18.23% 29.82% 21.28% 13.59%
You do decide to enter the market. You estimate that your company could command 19,500 of the possible doughnuts sold. If you were to sell your doughnuts at the same price of $2.19 per unit and the rest of the competitors in the market sell their doughnuts at an average of $1.99, what would your market share be for this doughnut market? Use the demand from the existing competitors from question 5 (136,500) to estimate share. Show your work. O 11.52% 18.23% 29.82% 21.28% 13.59%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Mf1.
![You do decide to enter the market. You estimate that your company could command 19,500 of the
possible doughnuts sold. If you were to sell your doughnuts at the same price of $2.19 per unit
and the rest of the competitors in the market sell their doughnuts at an average of $1.99, what
would your market share be for this doughnut market? Use the demand from the existing
competitors from question 5 (136,500) to estimate share. Show your work.
11.52%
18.23%
29.82%
21.28%
O 13.59%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc804e1c7-a295-4b3a-b24d-684894142ecd%2F21bdd942-9f95-415f-982e-12974a7866a0%2Fa77v3nl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You do decide to enter the market. You estimate that your company could command 19,500 of the
possible doughnuts sold. If you were to sell your doughnuts at the same price of $2.19 per unit
and the rest of the competitors in the market sell their doughnuts at an average of $1.99, what
would your market share be for this doughnut market? Use the demand from the existing
competitors from question 5 (136,500) to estimate share. Show your work.
11.52%
18.23%
29.82%
21.28%
O 13.59%
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