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Video Game Consoles and Video Games Are Complementary Products: the Availability

question 13

Multiple Choice

Video game consoles and video games are complementary products: the availability of one increases the value of the other.In the past the suppliers of consoles were able to appropriate most of the profits generated by video game systems because:


Definitions:

Parity Concept

The idea that year after year the sale of a specific output of a farm product should enable a farmer to purchase a constant amount of nonagricultural goods and services.

Agricultural Policy

A set of laws and regulations implemented by governments to regulate agricultural production, distribution, and pricing to achieve specific economic and social objectives.

Price support Program

Government initiatives aimed at maintaining the market price of a good or service at a certain level through subsidies or purchases.

Government

The organization or system through which a community or nation is governed and regulated.

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