streaming now made $2 billion worth of revenue by streaming video this year. the total market for streaming…

streaming now made $2 billion worth of revenue by streaming video this year. the total market for streaming video services is $20 billion. what is streaming nows market share? ?% round to the nearest tenth of a percent.

streaming now made $2 billion worth of revenue by streaming video this year. the total market for streaming video services is $20 billion. what is streaming nows market share? ?% round to the nearest tenth of a percent.

Answer

Explanation:

Step1: Recall market - share formula

Market share = $\frac{\text{Company's revenue}}{\text{Total market revenue}}\times100%$

Step2: Substitute given values

Company's revenue = $2$ billion, Total market revenue = $20$ billion. So, Market share=$\frac{2}{20}\times100%$

Step3: Calculate the result

$\frac{2}{20}\times100% = 0.1\times100%=10.0%$

Answer:

$10.0$