The Video Game Console Market Is a Network Market in Which

question 63

Multiple Choice

The video game console market is a network market in which Sony's PlayStation 2 (PS2) dominated over Microsoft's Xbox offering. This has been possible due to:

• A) the low pricing of Xbox which eroded users' confidence in the product.
• B) game developers favoring PS2 for its larger user base.
• C) the presence of several cheap, rival imitations which ate into Xbox's market share.
• D) PS2's technical superiority over the Xbox.
• E) the straddling strategy adopted by Microsoft to expand in both video game and DVD player markets.

---

Definitions:

Policies

Guidelines or rules established by organizations or governments to steer decisions and achieve rational outcomes.

Regulations

Laws or rules prescribed by an authority to regulate conduct or ensure compliance with standards.

Green Economies

Economic development models that emphasize sustainability, reducing environmental risks, and enhancing resource efficiency.