In brand switching between different toothpastes named Closed-up CU, Cols-gate CG and Aquas-fresh AF, the state transition matrix below is obtained for a particular month.

      

In brand switching between different toothpastes named Closed-up CU, Cols-gate CG and Aquas-fresh AF, the state transition matrix below is obtained for a particular month.
af12022019205.png

Required:
i) If the market share for the different toothpastes were 0.4, 0.3 and 0.3 for CU, CG and AF for January 2002, what will be the market share in February 2002 and March 2002?
ii) What is the market share equilibrium situation?

  

Answers


Wilfred
af22022019208.png
af32022019209.png
Wilfykil answered the question on February 20, 2019 at 10:10


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