-The Table Above Lists the Market Shares of the Twenty

question 117

Multiple Choice

-The table above lists the market shares of the twenty makers of personal computers. Based upon the Herfindahl-Hirschman Index

• A) the industry is an oligopoly.
• B) the industry is a monopoly.
• C) the industry is competitive.
• D) the firms in the industry will not be allowed to merge.

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Definitions:

Warehouse Receipt

A document that provides proof of ownership of commodities (e.g., goods or merchandise) stored in a warehouse.

Bill of Lading

A document issued by a carrier to acknowledge receipt of cargo for shipment.

Nonnegotiable

Refers to instruments or documents that cannot be transferred or endorsed to another party as payment or settlement.

Finder

An individual who locates something that was lost and may have certain legal rights or obligations regarding its care or return.