Turned out to be equilibrium of game

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Question

Microsoft's latest move in the PlayStation 4 vs. XBox One battle was to lower the price of Xbox One to $399-the same price as the PS4. Source: GameSport, July 1, 2014 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. What, based on the information provided, turned out to be the equilibrium of the game?

Reference no: EM133636556

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