Question: Find ((2) for Problem 15-24. Information from 15-24 for finding ((2) Store 1 currently has 40% of the market; store 2 currently has 60% of

Find ((2) for Problem 15-24.


Information from 15-24 for finding ((2)

Store 1 currently has 40% of the market; store 2 currently has 60% of the market.

In each period, store 1 customers have an 80% chance of returning; 20% of switching to store 2.

In each period, store 2 customers have a 90% chance of returning; 10% of switching to store 1.


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