a. Thinking of the competition among these firms in the market for consoles as a game, describe the firms’ strategies concerning design, marketing, and price.
b. What, based on the information provided, turned out to be the equilibrium of the game?
Microsoft with Xbox 360, Nintendo with Wii, and Sony with PlayStation 3 are slugging it out in the market for the latest generation of video game consoles. Xbox 360 was the first to market; Wii has the lowest price; PS3 uses the most advanced technology and has the highest price.