Question
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 25 % of its customers to NCJ and 10 % to Dash, NCJ loses 5 % of its customers to GTT and 30 % to Dash, and Dash loses 15 % of its customers to GTT and 5 % 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 _ %?
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