Video Game Crash!- Econ in Real Life

Interactive Video
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Business, Information Technology (IT), Architecture
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11th Grade - University
•
Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a major factor that led to the crash of the video game industry in the early 1980s?
High-quality games from third-party developers
An oversupply of low-quality games
Lack of interest in video games
Too few video game consoles available
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did Nintendo help revive the video game industry in the mid-1980s?
By producing more games than any other company
By allowing unlimited third-party game development
By implementing strict quality control measures
By reducing the price of their consoles
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which company introduced the PlayStation, a major competitor in the video game market?
Sony
Microsoft
Sega
Nintendo
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a current challenge faced by the video game console industry?
Lack of consumer interest in gaming
Competition from mobile gaming
High production costs of consoles
Limited game titles available
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current market structure of the video game console industry?
Monopoly
Monopolistic competition
Perfect competition
Oligopoly
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