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The St.louis Cycle company has three competitors in its market-Big Shark Bikes with total sales of $152000, Billy Goat Bicycles with $94000 in total revenue and Mesa Cycle with $128000 in sales. If St.Louis Cycle's revenue is $136000, (1) what is the company's market share? (2) A new bike company, Best Bikes, enters the market and gains revenue of $40500 which appears to have reduced sales for Big Shark by this same amount- however the total mamket siaze in sales does not change. What is market share for Big Shark, and for Best Bikes, in this situation?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800340

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