D Question 4 Hedge funds Purple and Golds are deciding whether to sell or hold the investment they have on Jewels, a stock that plunged 30% after a significant decrease in earnings per share was announced. The losses that the hedg funds will face conditional on their decision are represented below Purple Sell Hold -30% -35% Sell -30% -5% Gold Hold -5% -10% 10 pts -35% -10% a) What is the Nash equilibrium of the game played by hedge funds Purple and Gold? Explain. 15 marks] b) If the game is played repeatedly for an infinite number of times, would there be scope for the hedge funds to behave differently? Explain. [5 marks]