Suppose that in Problem 8 a new toothpaste brand enters the market such that the following transition
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What are the new long-run market shares? Which brand will suffer most from the introduction of the new brand oftoothpaste?
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p 1 080 p 1 005 p 2 040 p 3 1 p 2 010 p 1 075 p 2 030 p 3 2 p 3 010 p 1 020 p 2 030 p 3 3 also p 1 ...View the full answer
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Somshukla Chakraborty
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Related Book For 
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
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