Over any given month, Hammond Market loses 10% of its customers to Otro Plaza and 20% to Tres Place.Otro Plaza loses 5% to Hammond and 10% to Tres Place.Tres Place loses 5% of its customers to each of the two competitors.At the present time, Hammond Market has 40% of the market, while the others have 30% each.
(a)Next month, what will the market shares be for the three firms?
(b)In two months, what will the market shares be for the three firms?

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The Answer of Over any given month, Hammond Market loses 10% of its customers to Otro Plaza and 20% to Tres Place.Otro Plaza loses 5% to Hammond and 10% to Tres Place.Tres Place loses 5% of its customers to each of the two competitors.At the present time, Hammond Market has 40% of the market, while the others have 30% each.
(a)Next month, what will the market shares be for the three firms?
(b)In two months, what will the market shares be for the three firms?

Over Any Given Month, Hammond Market Loses 10% of Its