Use the following normal-form game to answer the questions below

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Use the following normal-form game to answer the questions below. 

		Player 2
	Strategy	C	D
Player 1	A	10, 10	60, -5
	B	-5, 60	50, 50

 

a. Identify the one-shot Nash equilibrium.

b. Suppose the players know this game will be repeated exactly three times. Can they achieve payouts that are better than the one-shot Nash equilibrium? Explain.

c. Suppose this game is infinitely repeated and the interest rate is 5 percent. Can the players achieve payouts that are better than the one-shot Nash equilibrium? Explain.