PLEASE EXPLAIN ALL THE STEPS FOR SOLVING THIS PROBLEM: Market share. Consumers can 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 15% of its customers to GTT and 10% to Dash, and Dash loses 5% 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?

PLEASE EXPLAIN ALL THE STEPS FOR SOLVING THIS PROBLEM: Market share. Consumers can 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 15% of its customers to GTT and 10% to Dash, and Dash loses 5% 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?

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Description: PLEASE EXPLAIN ALL THE STEPS FOR SOLVING THIS PROBLEM:Market share. Consumers can 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 t

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.4: Solve Systems Of Equations With Three Variables

Problem 194E: In your own words explain the steps to solve a system of linear equations with three variables by...

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