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The following table contains information on all the manufacturers of high end patio umbrellas currently on the market. Company Price Savannah $205 Dream Inc. $265

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The following table contains information on all the manufacturers of high end patio umbrellas currently on the market. Company Price Savannah $205 Dream Inc. $265 Patio Solutions $295 Spring Furniture $235 Market Share 10% 35% 30% 25% Numeric Distribution 15% 60% 30% 70% 1. What is Patio Solutions' price premium, assuming only Dream Inc. as a benchmark? 2. What is Patio Solutions' price premium, comparing their price to a weighted average price paid? 3. What is Patio Solutions' price premium, comparing their price to the average price charged? 4. What is Patio Solutions' price premium, comparing their price to the average price displayed

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