Question
Suppose that a new product (a hydrogen powered car) has an imitation factor (q) of 0.05, and an co-efficient of innovative (p) of 0.03. Suppose
Suppose that a new product (a hydrogen powered car) has an imitation factor (q) of 0.05, and an co-efficient of innovative (p) of 0.03. Suppose the maximum market size is 3,000,000 as estimated by the forecasters and industry experts. Also suppose that the company has pre-orders for 2000 cars in the first year. Which is the year of peak adoption rate just for that year? If the actual adoption in the first year doubles from 2000 to 4000 cars, what is the percentage increase in cumulative adoption at the end of year 10?
A) > 1 percent
B) <0.01 percent
C) >0.5 percent but less than 1 percent
D) 0
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