Question: Question 1 - Changes in Share ( 1% to your final grade) In the West Lafayette area, Sprint and Verizon have had total dominance of

Question 1 - Changes in Share ( 1% to your final

Question 1 - Changes in Share ( 1% to your final grade) In the West Lafayette area, Sprint and Verizon have had total dominance of the wireless communications market. They have settled into a pattern where Verizon has four times the market share of Sprint. However, there is a new entrant, Boost Mobile, that has entered the market this year. Along with this entrant, there is a renewed adverting and promotional blitz by all the firms in the market. The resulting switching matrix is as follows: From 1) What is Boost Mobile's Market Share three years from the current period

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