

McqMate
Q. |
The following data consists of a matrix of transition probabilities (P) of three competing companies, the initial market share state 16_10.gif(1), and the equilibrium probability states. Assume that each state represents a firm (Company 1, Company 2, and Company 3, respectively) and the transition probabilities represent changes from one month to the next. The market share of Company 1 in the next period is |
A. | 0.10 |
B. | 0.20 |
C. | 0.42 |
D. | 0.47 |
Answer» D. 0.47 |
View all MCQs in
Decision ScienceNo comments yet