Economics: Principles, Problems, and Policies, 19th Edition

by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.

Published by McGraw-Hill Education

ISBN 10: 0073511447

ISBN 13: 978-0-07351-144-3

Chapter 18 - Antitrust Policy and Regulation - Problems - Page 390: 1a

Answer

$90\%$ Yes.

Work Step by Step

The market share is the share produced by a given company over the total. So for blueberries for Sunny Valley, we have $\frac{900,000}{1,000,000}$ = 90%. Yes, it would rule that Sunny Valley is a monopoly with 90% of the blueberry market share.

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