Consumers can choose between three long distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all

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Consumers can choose between three long distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in a continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 20% to Dash, NCJ loses 15% of its customers to GTT and 10% to Dash, and Dash loses 5% of its customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, what is each company’s expected market share in the long run?

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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