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Sandhya_sharma, Master's Degree
Category: Math Homework
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Experience:  I hold M.Sc and M.Phil degrees in math and have several years of teaching experience.
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# Consumers in a certain state choose between three long distance

### Resolved Question:

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 _____%?
Submitted: 3 years ago.
Category: Math Homework
Expert:  Sandhya_sharma replied 3 years ago.
Hi,

I am working on this question.

Thanks
Expert:  Sandhya_sharma replied 3 years ago.
Hi,

http://www.sendspace.com/file/x55p1u

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Customer: replied 3 years ago.
Expert:  Sandhya_sharma replied 3 years ago.

Let me know if you face any difficulty.

Here is the answer. detailed solution is in file.

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

Thanks
Sandhya_sharma, Master's Degree
Category: Math Homework
Satisfied Customers: 3709
Experience: I hold M.Sc and M.Phil degrees in math and have several years of teaching experience.

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