eco-journal10 - like holding all-night vigils at stores and...

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Duc Hoang – Journal 10/02/08 New York Times: Nintendo Promises to Ship More of Wii for Holidays By LAURIE J. FLYNN Published: October 2, 2008 According to the New York Times, “… Nintendo on Thursday said it was increasing shipments of its popular Wii video game machine in an effort to avoid the supply problems that cost the company sales last year.” The demand of Wii video game keeps rising since it was first launch to the entertainment market. The Wii video game market is facing the shortage problem as the quantity demanded exceeds the quantity supplied. This leads to the fact that video gamers had to involve the “creative shopping strategies
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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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