11. On January 1 (this year), Bakery A had 30% of its local market share while the...
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11. On January 1 (this year), Bakery A had 30% of its local market share while the other two bakeries B and Chad 40% and 30%, respectively, of the market share. Based upon a study by a marketing research firm, the following facts were compiled. Bakery A retains 85% of its customers while gaining 5% of competitor B's customers and 15% of C's customers. Bakery B retains 90% of its customers while gaining 8% of A's customers and 7% of C's customers. Bakery C retains 80% of its customers and gains 7% of A's customers and5% of B's customers. What will each firm's share be on January 1, next Year; January 1, next to next Year; and what will each firm's market share be at equilibrium?
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