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Consumers in a certain state can choose between three long-distance téléphone in continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 10% to Dash, NCJ loses 25% of its customers and 10% to Dash, and Dash loses 25% of its customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, w each company's expected market share in the long run? %. GTT's expected market share is (Round to the nearest tenth as needed.) ALIXHE

Consumers in a certain state can choose between three long-distance téléphone in continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 10% to Dash, NCJ loses 25% of its customers and 10% to Dash, and Dash loses 25% of its customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, w each company's expected market share in the long run? %. GTT's expected market share is (Round to the nearest tenth as needed.) ALIXHE

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 23EQ: 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes...
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K Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 10% to Dash, NCJ loses 25% of its customers to GTT and 10% to Dash, and Dash loses 25% of its customers to GTT and 10% 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. (Round to the nearest tenth as needed.)
Transcribed Image Text:K Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 10% to Dash, NCJ loses 25% of its customers to GTT and 10% to Dash, and Dash loses 25% of its customers to GTT and 10% 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. (Round to the nearest tenth as needed.)
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