If the market shares equal 100 and the firm output equals 30% what is
the total of the industry output?

Hi cindy6010!!

Thank you for asking to Google Answers.
Note that the statement of the problem is a little confuse so there
exists the possibility that I misundertood the problem and posted a
wrong answer. If this is the case, please let me know via the
clarification feature and I will redo the problem in the correct way.



The firm's market share in number of products is 100 and the firm's
output is 30% of the total industry output (= the sum of the output of
all the firms of the industry).
The above statement means that 100 is the 30% of the total industry
output (Q), in other words:

100 = 0.30 * Q 

Then:

Q = 100/0.30 = 333

The total of the industry output is 333 (or if you prefer 334, you
must round the result because the quantities are integers).


I hope that this helps you. Feel free to request for a clarification
if you need it. I will be glad to respond to your requests for further
assistance on this topic.

Regards.
livioflores-ga