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Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual
Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shift of customers among the three services. Each year, GTT loses 30% of its customers to NCJ and 15% to Dash, NCJ loses 30% of its customers to GTT and 20% to Dash, and Dash loses 20% 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? GTT's expected market share is % Round to the nearest tenth as needed.)
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