In the Personal Computer (PC) Market in the First Half

question 307

Multiple Choice

In the personal computer (PC) market in the first half of 2008, Hewlett-Packard maintained its worldwide No. 1 ranking at a market share of 19.1 percent. Dell's market share was 16 percent and Acer held onto third place with a 9.5 percent share, and Lenovo maintained fourth place, with a 7.9 percent share. What is the Herfindahl-Hirschman Index for the firms mentioned?

• A) 52.5
• B) 1643
• C) 773
• D) 105

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Definitions:

Output Expansion

The increase in the production of goods and services in an economy or by a firm, often as a result of increased demand or improved production capabilities.

Period Lengthened

The extension of time allocated for a particular activity, phase, or process.

Price-taker Market

A market in which individual sellers cannot influence the market price and must accept the prevailing market price for their goods or services.

Antitheft Auto Alarms

Security devices installed in vehicles designed to deter theft by emitting a loud noise or other alerts when unauthorized access is attempted.