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 hedge funds will face conditional on their decision are represented below: Purple Sell Hold -30% -35% Sell -30% -5% Gold Hold -5% -10% -35% -10% a) What is the Nash equilibrium of the game played by hedge funds Purple and Gold? Explain. (5 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]