Live in your world…play in ours Natalie Stewart Katie Poelking Joel Cortileso RD Buckwalter Table of Contents What is Economics Price Discrimination Opportunity Cost Government Intervention Income Effect Perfect Competition Oligopoly Diversification Factors of Production Demand
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No Price Discrimination
The decision by Sony to produce a new gaming platform
Involved an opportunity cost. By focusing resources on this
New gaming unit, PS2, they gave up their best alternatives
Such as simply improving the current PS1 and improvements
Of their computers.
Inferior Good vs. Normal Good
Income Effect on TV Sales
Electronics, Gaming, Music……….
of Sony’s Factors of Production
Hall, Robert E. and Lieberman. Economics: Principles and Applications.
Sony Inc. Website @ http://www.sony.com
Wired Website @ http://www.wired.com/news/digiwood/0,1412,54426,00.html
Sony Corporation @ http://www.sony.net