Nintendo, Sony and Microsoft compete with each other in the market for home vide

Question

Nintendo, Sony and Microsoft compete with each other in the market for home video game consoles. The demand for the Nintendo Wii is given by: QN(pN,pS,pM)=100?2pN +pS +pM The demand for the Sony Playstation is given by: QS(pS,pN,pM)=50?pS ?0.5pN +0.5pM And the demand for the Microsoft Xbox is given by: QM(pM,pN,pS)=70?pM ?0.5pN +0.5pS For simplicity, assume that each producer has zero average and marginal costs. Treat each firm as a price setter. (a) (6 pts) Write down Nintendo, Sony, and Microsoft

Explanation / Answer

http://mynintendonews.com/2012/12/14/nintendo-ds-passes-playstation-2-to-become-best-selling-video-game-platform/

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