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Sandhya_sharma, Master's Degree
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Consumers in a certain state choose between three long distance

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Consumers in a certain state choose between three long distance telephone services. GTT, NCJ, and Dash. Aggressive marketing by all three companies results in a continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 20% to Dash, NCJ loses 25% of its customers to GTT and 10% to Dash, and Dash loses 25% of its customers to GTT and 30% to NCJ. Assuming that these percentages remain valid over a long period of time, what is each company's expected market share in the long run?

GTT's expected market share is _____%?
NCJ's expected market share is _____%?
Dash's expected market share is _____%?

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GTT’s expected market share is 50%
NCJ’s expected market share is 26.9%
Dash’s expected market share is 23.1%

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