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Suppose that the only competing suppliers of Internet services are NewServices and RealWest. At present, they each have 5 0 % of the market share
Suppose that the only competing suppliers of Internet services are NewServices and RealWest. At present, they each have of the market share in their community. However, NewServices is upgrading their connection speeds but at a higher cost. Because of this, each month of RealWest's customers will switch to NewServices, while of NewServices customers will switch to RealWest.a Model this situation as a Markov process.
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