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There are three brands of burger in the market, A, B & C. Current B brand has 100% market share. he following TPM. Calculate the market share 3 purchase from now. Also calculate market share in run

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Transcribed Image Text:Q10) There are three brands of burger in the market, A, B & C. Current B brand has 100% market share. For the following TPM. Calculate the market share 3 purchase from now. Also calculate market share in long run A B C A 0.2 0.6 0.2 B 0.3 0 0.7 C 0.5 0 0.5

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