1. Consider a repeated game in which the stage game in the following figure is played in each of two periods and there is no discounting. 2 L M R U 8. 8 0. 9 0, 0 C 9,0 0. 0 3, 1 D 0. 0 1. 3 3. 3 a. Find the pure strategy Nash equilibria of the stage game. b. Fully describe a subgame perfect equilibrium in which the players select (U, L) in the first period. c.Briefly discuss the significance of the subgame perfect equilibrium in part b