Question
Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 310 balloons each month. His largest
Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 310 balloons each month. His largest competitor, Paul, sells 645 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon.
What is Levon's relative market share based on units?
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
