The function M(t)represents the company’s market share after tyears.

The horizontal axis represents:

t= " time in years "

The vertical axis represents:

M(t)= " market share percentage "

We need to find when the market share reaches:

40%

From the graph, locate 40on the vertical axis. Then move horizontally to the blue curve and read the corresponding value on the horizontal axis.

The curve reaches 40%at approximately:

t=7.4

So the company should expect to have a market share of 40%after about:

7.4 " years "

Therefore, the correct answer is:

▭ ( " C " )