Unformatted text preview: like holding all-night vigils at stores and stalking delivery trucks.” (NY Times) This problem reflects that market failure is temporarily occurring as Nintendo has been under-allocating the resources of Wii production. To deal with this issue, Nintendo is about to increase the quantity supplied of the product. Nintendo, as a private firm, continues to develop various video game machines, such as Nintendo, Wii, as those private goods have brought them great profitability. For instant, “Nintendo’s net profit in its last fiscal year surged 47.7 percent to $2.5 billion” (NY Times)....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.
- Spring '05