Question: There are two restaurants in a small town: and . A survey shows that 1 0 % of customers in this week

There are two restaurants in a small town:  and . A survey shows that 10% of  customers in this week will switch to B restaurant next week, and 30% of B customers will go to M next week.

(a) (5) If the market share for  restaurant is currently 50% this week, what is the  restaurant's market share next week?

(b) (5) What is the steady-state market share for these two restaurants?

(c) (5) What is the mean first passage time from B to M?

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