The figure shown above depicts Backstage view.
Definitions:
Monopoly
A market structure dominated by a single seller, facing no competition in offering a unique product or service, allowing them to control prices and market conditions.
Network Externalities
The effect that an additional user of a good or service has on the value of that product to others, often increasing the product's value as the user base grows.
Game Console
A dedicated electronic device designed to play video games through a connection to a television or other display screen.
Highly Concentrated
Refers to a market structure where a small number of firms hold a large portion of the market share.
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