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 type of market structure would the market for PCs represent?
A) oligopoly
B) perfect competition
C) monopolistic competition
D) monopoly
Correct Answer:
Verified
Correct Answer:
Verified
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