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Q2 Free Response (Short) 1. 5 Points Initially in 2018, three firms A, B, and C share the market for a certain commodity. Firm A has 20 million of the market, Firm B has 60 million, and C has 20 million. In the course of one year, the following changes occur: 1) A keeps 60% of its costuers, while losing 30% to B and 10% to C. II) B keeps 70% of its customers, while losing 10% to A and 20% to C. III) C keeps 80% of its customers, while losing 10% to A and 10% to B. Write the transition matrix for this scenario and set up a matrix system to calculate the market share at the end of one year. You do NOT need to compute the actual market share at the end of one year, just set up the equation. Show your work clearly and upload your answer below. Please select file(s) Select file(s)