14 a Thinking of the competition among these firms in the market for consoles as a game, describe the firms’ strategies concerning design, marketing and price.

b What, based on the information provided, turned out to be the equilibrium of the game? PS4 vs. Xbox One Battle Means Gamers Win, Sony Says Microsoft’s latest move in the PlayStation 4 vs. Xbox One battle was to lower the price of Xbox One to $399 – the same price as the PS4.