the video stakes sedulousness The video grainy industry has become a huge influence on society and the economy today. It is an industry that is so huge that it is estimated that 70% of U.S homes lead own a Video jeopardize system by the year 2005, (Cassandra, 2002) alone one year away. But what made it the way it is? Since it is cool it an industry it has to follow the natural laws of economics. In this paper we will dive into the industry that now has gone beyond movies and recordings in profit. The first is that the video game consol industry is an oligopoly and has to deal with the game theory.
It is an oligopoly because it has high barriers to entry such as hardware subsidies and very fierce competition amongst already established firms (Scevek, 2001) Also thither are only three major producers of video game consoles: Sony, Nintendo, and the recently Microsoft. Because these three all have personal interests the game theory applies quickly. The most recent example is the releases of ...If you want to sit a full essay, order it on our website: Ordercustompaper.com
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