Illustrate what was each companys share of market at, Ask an Expert

Economics

Q. A city is served by three cable TV companies: Xcellent Cable, Your Cable and Zephyr Cable. A survey of 1000 cable subscribers shows this breakdown of customers from beginning to end of August.

Company on Company on August 31
August 1 Xcellent Your Zephyr
Xcellent 300 50 50
Your 10 200 40
Zephyr 40 80 230

a. Construct transition matrix.

b. Illustrate what was each company's share of market at beginning and end of month?

c. If current trend continues Illustrate what will market shares be?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9293072

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