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Question: PS4 vs. Xbox One Battle Means Gamers Win, Sony Says Microsoft's latest move in the PlayStation 4 versus Xbox One battle was to lower the price of Xbox One to $399-the same price as the PS4.
a. Thinking about the competition between Sony and Microsoft in the market for game 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?
Suppose that both firms try to maximize profits, but that Firm A has a head start in planning and can commit first. Now what will be the outcome? What will be the outcome if Firm B has the head start in planning and can commit first?
The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero. Why would firm stay in business if it is making zero economic profits
A substantial increase in imports of apparel from China that intensively use unskilled labor has generated some unrest in import competing industries, particularly among non-college workers. If all US apparel imports were from Taiwan only, would y..
Assuming that the market for raw meat is perfectly competitive, what would be the impact of government policy that tightens requirements for quality control by farmers (compliance with the policy requires using additional equipment for the qual..
What is the Budget Deficit? Is it dangerous? Which are the economic consequences of the budget deficit. Which are the winners and losers?
Consider a production function of two inputs, labor and capital, given by Q=( L^1/2+ k^1/2 )^2 The marginal products associated with this production function are as follows:MPL=[L^1/2+K^1/2]*L^(-1/2)MPK=[L^1/2+ K^1/2]*k^(-1/2)Let w =2 and r = 1.
if the expected default rate on a particular mortgage backed security is 4 per year and the corresponding treasury
two partners own together a small landscaping business in north carolina called summer lawn care. they have been
an individual wishes to deposit an amount of money now and 100 every six months so that at the end of five years they
What were the views of Keynes and Friedman on the exogeneity or endogeneity of the money supply? What justi?es their views? What were the views of Wicksell on the exogeneity or endogeneity of the money supply? What justi?es his views?
Given the global economy, increase of emerging economic superpowers such as China and India, and challenges to remaining competitive in a global world, do you think that American federalism remains relevant?
Uncertain according to economic principles.
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