Suppose that 40% of people who own a car from the only car dealership in a small town will buy their next car from the same dealership and 80% of people who own a car from an out-of-town dealership will buy their next car from a dealership out-of-town. What will the market share of the local dealership be in the long run. %. In the long run, the market share of the local dealership is______%.