If we want to use Markov analysis to study market shares for competitive businesses,
A) it is an inappropriate study.
B) simply replace the probabilities with market shares.
C) it can only accommodate one new business each period.
D) only constant changes in the matrix of transition probabilities can be handled in the simple model.
E) None of the above
B
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B) Web 2.0. C) cloud computing. D) VPN.
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