In September 2008, Toyota Motor's Share of the U

question 76

Multiple Choice

In September 2008, Toyota Motor's share of the U.S. auto sales market was 15 percent, Ford's market share was 12.1 percent, GM's was 29.1 percent, Honda's was 10 percent, Nissan's share was 6.2 percent, and Chrysler's market share was 11.1 percent. What is the Herfindahl-Hirschman Index for the firms mentioned?

• A) 167
• B) 1670
• C) 1641
• D) 1479

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Definitions:

Ethanol

A volatile, flammable, colorless liquid alcohol, widely used as a solvent, in medicine, and as the intoxicating ingredient in alcoholic beverages.

Substitution Reaction

A chemical reaction in which an atom or group of atoms in a molecule is replaced by another atom or group of atoms.

Mechanism

The detailed process by which a chemical reaction occurs, at the level of molecular structure.

Protic Solvents

Solvents that have hydrogen atoms capable of forming hydrogen bonds, often used in reactions requiring proton transfer.