Simulation: A game or Economics Guru???

Simulation was a very new thing to me,so I was excited and nervous at the same time.

With the passing time I am feeling it's not only a game but also a practical approach of different concepts of economics.

When we entered the market our aim was playing monopoly.
We calculated 'z' value of all the markets with the help of mean and standard deviation given,to get the lowest probability value that shows the probability of entrant in the particular market.
Everyone follwed the rule and entered in market 'c',as the probability of competitor at that market was 0.67~0.
No the market is no more monopolistic.
Oligopoly started as more than two ( five players) were there in the same market.

Capacity was decided. Few subgroups chose some more market like  'A','B' etc.
Now the real game started,we entered production quantity and price of each unit of production.
Each subgroups were playing with their prices and it was a secret before getting the result.
Everyone has their own strategies.
Some people have set the low prices as they want to stay in break-even.
Some others are aiming to generate higher revenue and their prices are quite higher than the others.
Ranking is on the basis of net cash in hand after the period and this is a secret.

A particular subgroup is in the top position since the beginning. Strategies are top secret so guessing is going on.
Hence, 'C' is now common market to all, besides that market the group has chosen such a market in which they are playing duopoly. Only two players in the market.
But one's price is very high as compared to other (difference between 2000 and 400 is quite large). So player with lower price has got the market which is almost monopolistic.
Only 4 periods we have played,this is an interpretation of my understanding.
More details are coming soon...