Microsoft,Sony,and Nintendo Are the Three Principal Firms in the Video

Multiple Choice

Microsoft,Sony,and Nintendo are the three principal firms in the video game console market.Using Figure 13-4,how much price competition is most likely for video game makers?

A) There is almost none; the market sets the price.
B) There is some competition within a range of prices.
C) There is generally a price leader that sets the price.
D) Each firm is aware of each other's prices and may adjust them based on the prices of the other two firms.
E) Price is set by the seller but regulated by the government.