Representatives from the eleven member countries of the Organization of Petroleum Exporting Countries (OPEC) meet regularly to set production limits on the number of barrels of oil per day which each member country can produce.

(a) Imagine characterizing the relationship between OPEC members as a game. Identify the four elements of this game. You can find information to answer this question at the OPEC website, www.opec.org/.

(b) Would this be most appropriately characterized as a non-cooperative game or a cooperative game?