Economics Homework Help

MSE The Price of A Playstation5 & XBox Series X on Gamestop Online Discussion

 

1. What is the price of a Playstation5 on Gamestop online here: https://www.gamestop.com/video-games/playstation-5/consoles ?

2. What is the price of an XBox series X on Gamestop online here: https://www.gamestop.com/video-games/playstation-5/consoles ?

3. Compared to a market with a single (monopoly) seller, how does the presence of two major competitors in the gaming console market affect console price?

4. If Microsoft and Sony each had 50 percent market share, in the gaming console market, what would be the value of the Hifindahl-Hirschman Index (HHI)?