Question: Case :2 On January 1 Bakery A had 40 % of its market share while the other two bakeries B and C had 40 and

Case :2 On January 1 Bakery A had 40 % of its

Case :2 On January 1 Bakery A had 40 % of its market share while the other two bakeries B and C had 40 and 20 % respectively of the market share. Based upon a study by a marketing research firm, following facts were compiled . Bakery A retains 90 % of its customers while gaining 5 % of B's customers and 5 % of C's customers. Bakery B retains 85%of its customers, while gaining 5 % of A's and 10 % of C's customer . Bakery C retains 83%of its customers and gains 10 % of A's and 7 % of B's customer. What will each firm share be on January 1, next year, and what will each firm's market share be an equilibrium

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