You have to use Matlab(or just explain the steps) to calculate these problems and submit it with your answer
Suppose that General Motors(GM), Ford(F), and Chrysler(C) each introduce a new hybrid vehicle.
1.1 General Motors keeps 85% of its customers but loses 10% to Ford and 5% to Chrysler
1.2 Ford keeps 80% of its customers but loses 10% to General motors and 10% to Chrysler
1.3 Chrysler keeps 60% of its customers but loses 25% to General Motors and 15% to Ford
Find the distribution of the market in the long run or the steady state vector.