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You are given the following information about the five firms that produce soda in Bigtown. These five firms are the only producers of soda in Bigtown, and all soda consumed in Big- town comes from these five producers. 8. Quantity of soda sold Name of company Fizzy Water Cool Tonics Carbonated Bliss Moms Pop Taste of Eden (cans per month) 150 200 100 450 100 a. Given the above information, would you characterize the market for soda in Bigtown as perfectly competitive? Explain your answer. b. Suppose market share is defined as the percentage of total sales represented by a firms sales of soda over the given period. Calculate the market share of each of the companies producing soda in Bigtown
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