The Microeconomics of the Video Game Industry
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Title: The Microeconomics of the Video Game Industry

Essay Details:

Subject: Business
Author: Alton E
Date: January 25, 2013
Level: University
Grade: A
Length: 4 / 999

Essay text:

In the United States alone, the market has grown considerably where 60% of all Americans play video games, 40% are women, and 60% of all gamers are between the ages of 25 through 44 years old (games-advertising.com). According to an article on Gamespot.com, analysts estimate that the video game category will have about 50 to 55 more square feet of shelve space in Best Buy by the year 2007. The video game market is an oligopoly with only a few companies competing within the market. The "Big Three" companies in the video game industry's oligopoly are Microsoft, Nintendo, and Sony. Microsoft's Xbox 360, Nintendo's Wii, and Sony's Playstation 3 all sell similar products and contend for consumer's dollars...

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