Question: A geographic region has two providers for rideshare - based food delivery services, DoorDart and S uperEats. In the current quarter, 5 8 % of

A geographic region has two providers for rideshare-based food delivery services, DoorDart and
S uperEats. In the current quarter, 58% of customers of these services have used DoorDart.
According to market research, 79% of DoorDart customers are loyal to that service and are expected
to continue using it in the next period; this loyalty figure is 68% for SuperEats.
(a) Determine the market shares for the two services in the next quarter.
(b) Determine the equilibrium market shares for the two services.

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To solve the problem of determining market shares for the next quarter and the equilibrium market shares we can use a Markov chain approach Lets break ... View full answer

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