Question

Consumers in a certain state can choose between three​ long-distance telephone​ services: GTT,​ NCJ, and Dash....

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 30% of its customers to NCJ and 20​% to​ Dash, NCJ loses 20​% of its customers to GTT and 5​% to​ Dash, and Dash loses 30​% of its customers to GTT and 25​% 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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