What is each company expected market share in the long run

Reference no: EM13190916

Consumers can choose between three long distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by a ll three companies results in a continual shift of customers among the three services. Each year, GTT loses 30% of its customers to NCJ and 25% to Dash; NCJ loses 25% of its customers to GTT and 25% to Dash; and Dash loses 30% of its customers to GTT and 20% 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?

Reference no: EM13190916

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