Suppose that 60% of people who own a General Motors car buy a GM car as their

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Suppose that 60% of people who own a General Motors car buy a GM car as their next car and 90% of people who own a non-GM car buy a non-GM car as their next car. What will General Motors' market share be in the long run?

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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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Question Posted: Feb 12, 2018 09:14 AM

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Suppose that 60% of people who own a General Motors car buy a GM car as their

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