Question

b) Suppose there are two market products of brand A and B, respectively. Let each of these
two brands have exactly 50% the total market in same period and let the market be of a
fixed size. The transition matrix is given as follows:
To
B В
From
А
B
A
0.9
0.5
0.1
0.5
TK TK
If the initial market share breakdown is 50% for each brand, then determine their market
shares in the steady state.
​

Answer 1

Answer:

I DONT UNDERSTAND

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation: