I cant find any information for how to solve this if you could walk through the steps and explain it that would be great for 1) A,B,C

Written Homework 1 - Math of Mar 'etig Part 1 - Due Date is 3/1/2020 at 11:59 PM You are to answer the following questions. Please submit vour assianment with only the answer to the questions on the first sheet you upload. If you would like to show any additional work, please attach them after the first sheet. Failure to place your answers on the first sheet will resunt in points taken off of the assignment. Question 1 - Long Run and Short Run Market Share Assume there are two companies in the region. A and B. Both companies service the entire market and have a combined market share of 100%. At the start of the period, A and B split the market evenly with 50% share each. However, A has adopted a new customer retention tool and has projected the following switching matrix. To aos os blo.s OS 6 A 0.8 B 0.3 B 0.2 0.7 E Given this switching matrix. You are to answer the following three questions: Question 1.A) What is Company A's acquisition rate? Question 1.B) What is the projected Market Share for Company B next period? Question 1.C) What is the Long Run Market Share for Company A