Between 2016 and 2017, Nintendo produced 2.3 million NES Classic Edition mini consoles that sold out almost

Question:

Between 2016 and 2017, Nintendo produced 2.3 million NES Classic Edition mini consoles that sold out almost immediately as they arrived at stores. The retail price of the mini console was $59.99. However, if you were to check eBay at the time, you would see that people were buying the units for $250 each from scalpers. Describe what signal this price sends to both scalpers and people buying the consoles to play them. How does the high price change their incentives?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: