Suppose that two competing television stations, station 1 and station 2, each have 50% of the viewer market at some initial point in time.

Suppose that two competing television stations, station 1 and station 2, each have 50% of the viewer market at some initial point in time. Assume that over each one-year period station 1 captures 5% of station 2’s market share and station 2 captures 10% of station 1’s market share.

(a) Make a table that shows the market share of each station over a five-year period. (b) Over the long term, how will the market share be distributed between the two stations?