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

Question

Quizplus · Accepted Answer

The PC market in 2008 was dominated by a few large firms, indicating an oligopoly, where a small number of companies have significant market shares.

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