Strategic thinking

Regarding the practice of oligopoly and collusion:

There was a game in class.

Please see the attached image.

There were 9 teams, and our team participated in the game.

As a result, 5 groups participated, and each team got 6 points.

How can I answer the following questions?

1 How can I explain my decision to participate as a cost-benefit analysis: what were the real costs and what were the real benefits? I (My team) participated in the game.

2 What was my opportunity cost? I (My team) participated in the game.

3. In the case of this experiment, how can I explain collusion?

4. What are the similarities between this experiment and the Oligopoly model in general?

Can you think of several similarities?

5. How can I think of an application of this experiment in oligolopistic firms such as Airline firms ?

Pay off structure # Groups # points # points sending each member of the each member of the NON- email participating group participating group 25/100 24/100 23/100 15/100 6/100 4/100 3/100 2/100 0 O O 1/100