What Do Sony, Microsoft, and Nintendo Have in Common

question 3

Multiple Choice

What do Sony, Microsoft, and Nintendo have in common?

• A) Each achieved a dominant position in its industry because it owned a key input in the production of its product.
• B) The industry in which each firm competes is an oligopoly because of government-imposed barriers to entry.
• C) Each company was founded in the same state.
• D) The profitability of each firm depends on its interactions with other firms.