At present the proportion of the total market for ice cream is shared between two brands A
Fantastic news! We've Found the answer you've been seeking!
Question:
At present the proportion of the total market for ice cream is shared between two brands A and B holding 20 and 80 percent share respectively. Every year, 30% of the consumers of Brand B shift to brand A while 10% of the consumers of Brand A shift to Brand B. What will be the market shares of the two brands:
Related Book For
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
Posted Date: