How do I give users access to a shared folder by User Group?

I want to create a shared folder and give users access to it by user group, with permissions based on that user group for example:

• User Group A - Co-Owner
• User Group B - Collaborator
• User Group C - View Only

The shared folder should then appear for all users in the respective groups, with their access determined by the permissions assigned to the user group. 

Is this possible? If not, I’ve been mis-sold.