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26. MARKET SHARt OF AUTo MANUFACTURERS In a study of the domestic market share of the three major automobile man- ufacturers A. B, and C
26. MARKET SHARt OF AUTo MANUFACTURERS In a study of the domestic market share of the three major automobile man- ufacturers A. B, and C in a certain country, it was found that of the customers who bought a car manufactured by A, 75% would again buy a car manufactured by A, 15% would buy a car manufactured by B. and 10% would buy a car manufactured by C. Of the customers who bought a car manufactured by B, 90% would again buy a car manu factured by B, whereas 5% each would buy cars manufac. tured by A and C. Finally, of the customers who bought a car manufactured by C. 85% would again buy a car manu- factured by C. 5%, would buy a car manufactured by A and 10% would buy a car manufactured by B. Assuming that these sentiments reflect the buying habits of custom- ers in the future model years, determine the market share that will he held by each manufacturer in the long run
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