What are the new long-run market shares


Problem:

Suppose that in Problem 8 a new toothpaste brand enters the market such that the following transition probabilities exist

To
From    Special B MDA    T-white
Special B    0.80    0.10    0.10
MDA    0.05    0.75 0.20
T-white    0.40    0.30    0.30

What are the new long-run market shares? Which brand will suffer most from the introduction of the new brand of toothpaste?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What are the new long-run market shares
Reference No:- TGS01937389

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)