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show every step. i dont understand what to do after getting your 3 equations. C 295-4. The leading brewery on the West Coast (labeled A)

show every step. i dont understand what to do after getting your 3 equations. image text in transcribed
C 295-4. The leading brewery on the West Coast (labeled A) has hired an OR analyst to analyze its market position. It is particularly concerned about its major competitor (labeled B). The analyst believes that brand switching can be modeled as a Markov chain using three states, with states A and B representing customers drinking beer pro- duced from the aforementioned breweries and state C representing all other brands. Data are taken monthly, and the analyst has con- structed the following (one-step) transition matrix from past data. 0.05 0.05 0.8 0.15 B 0.25 0.7 C 0.15 0.05 0.8 What are the steady-state market shares for the two major breweries

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