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Write the equation that gives the expected market share

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Reference no: EM131798683

Question: Market share the rate of change of the market share (as a percent) a firm expects for a new product is

dy/dt = 2.4e-0.04t

where t is the number of months after the product is introduced.

(a) Write the equation that gives the expected market share y at any time t.

(b) What market share does the firm expect after 1 year?

Reference no: EM131798683

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