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Each year, AT&T loses 1% of its customers to Verizon and 1% of its customers to T-Mobile. In that same span, Verizon loses 2% of
Each year, AT&T loses 1% of its customers to Verizon and 1% of its customers to T-Mobile. In that same span, Verizon loses 2% of its customers to AT&T and 1% to T-Mobile. T-Mobile loses 3% of its customers to AT&T and 2% to Verizon. If these trends continue, what share of the market will each company have long-term? In your written work, show your transition matrix and either show the work to solve by hand or explain how you used your calculator to get your final result
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