The market share of a company that sells 20,000 products in a market that has 50,000 products is 40%.
Market share is calculated as:
= Products sold by company / Total products in market x 100%
Solving gives:
= 20,000 / 50,000 x 100%
= 0.4 x 100%
= 40%
In conclusion, the company has a market share of 40%.
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