Question: Show your complete solution. 1. Assume that a third grocery store. Quick Stop Groceries. enters the market share and customer loyalty situation described in the

Show your complete solution.

Show your complete solution. 1. Assume that a third grocery store. Quick

1. Assume that a third grocery store. Quick Stop Groceries. enters the market share and customer loyalty situation described in the module. Quick Step Groceries is smaller than either Murphy's Foodliner or Ashley's Supermarket. However, Quick Stop's convenience with faster service and gasoline for automobiles can be expected to attract some customers who currently make weekly shopping yisits to either Murphy's or Ashley's. Assume that the transition probabilities are as follows: {15 points) To From Murphy's Ashley's Quick Stop Mu rphy's Foodliler 0.35 0.10 0.05 Ashley's Supermarket 0.20 0.?5 0.05 Quick Stop Groomers 0.15 0.10 0.75 a. Which brand appears to have the most loyal customers? Explain. b. What are the projected market shares for the two brands

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