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Three Fast Food Hamburger Restaurants Are Competing for the College

Question 89

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Three fast food hamburger restaurants are competing for the college lunch crowd.Burger Bills has 40% of the market while Hungry Heifer and Salty Sams each have 30% of the market.Burger Bills loses 10% of its customers to Hungry Heifer and 10% to Salty Sams each month.Hungry Heifer loses 5% of its customers to Burger Bills and 10% to Salty Sams each month.Salty Sams loses 10% of its customers to Burger Bills while 20% go to Hungry Heifer.What will the market shares be for the three businesses next month?

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Burger Bills 36.5% H...

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