| Manufacturer | % Market Share (registrations) |
|---|---|
| Others | 18.2% |
| Nio | 2.1% |
| Honda | 2.5% |
| Volvo | 4.8% |
| BMW | 7.4% |
| Hyundai-Kia | 9.2% |
| Renault-Nissan | 11.5% |
| Stellantis | 14.3% |
| Tesla | 14.9% |
| Volkswagen Group | 15.1% |
Using the data in Figure 1, briefly explain why a newly merged firm consisting of Renault-Nissan and BMW would not be a monopoly.
