-The Table Above Lists the Market Shares of the Twenty

question 50

Multiple Choice

-The table above lists the market shares of the twenty makers of personal computers. Based upon the Herfindahl-Hirschman Index for this industry, the Justice Department would

• A) regard the industry as highly concentrated.
• B) be against any two firms merging.
• C) consider the market oligopolistic.
• D) regard the industry as competitive.

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Definitions:

Minimal Challenges

Minimal challenges refer to the smallest or least complex obstacles that might be faced in a situation or process.

Unchanging Job

A position or role in employment that remains constant over time without significant variation in duties or responsibilities.

Limited Hours

Restricted or specific time frames during which business operations or services are available.

Indirect Customers

Consumers who benefit from a product or service but do not purchase directly from the provider.