Use the following normal-form game to answer the questions below. Player 2 strategy C D player?
a. identify the one-shot Nash equilibrium.
b. Suppose the players know this game will be repeated exactly three times. Can they achieve payoffs that are better than the one-shot Nash equilibrium? Explain.
c. Suppose this game is infinitely repeated and the interest rate is 6 percent. Can the players achieve payoffs that are better than the one-shot Nash equilibrium? Explain.