If a binding price floor is imposed on the video game market, then:. a. the quantity demanded for video games will decrease.
b. the quantity supplied of video games will increase.
c. a surplus of video games will develop.
d. All of these answers are correct.

Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition