Course: South Florida MAR $3023$ Basic Marketing Section $1$ with Anand Kumar Spring $2024$ Module: Market Share Metrics $1/$ Problem Set ID: $1021$

Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $$9\mathrm{.}00$ each and sells $346$ balloons each month. His largest competitor, Paul, sells $824$ balloons each month at a price of $$4\mathrm{.}00$ each. Levon estimates the total balloon market in town to be $2000$ per month at an average price of $$5\mathrm{.}00$ per balloon.