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

Essay

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?