Class Activity 3-revised 1. Assuming that there are exactly three companies in a particular industry, and that you are given the information shown in the table below, what is each company's revenue market share? (12 points) Units Unit Total Unit Company Sold Price Revenue Market Share A 1000 $1000 B 500 54.00 C $2.00 40% 2. Hank's Inc. produces and sells propane. Last year, the company broke even. Hank's Inc. sold 25,000 gallons of propane during the year, and the average variable cost to the company for a gallon of propane was $0.55. If their total costs last year were $20,000, what was the company's selling price for a gallon of propane? (The calculation process is needed to earn the full credits, otherwise points may be deducted) (3 points) 3. Please list and describe the five major pricing objectives that a company can use. (10 points)