Firms that make game systems like playstation

Assignment Help Basic Computer Science

Reference no: EM13760980

Question 1

Firms that make game systems like Playstation and Nintendo typically charge a price close to average cost on the game system itself, and do not change that price even when the systems are scarce or demand increases. Why might this be a profit-maximizing strategy?

Question 2

Why does each of the following facilitate the creation and stability of a cartel?

a. High barriers to entry
b. An identical product
c. Similar costs

Reference no: EM13760980

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