Dears/Madam, I want you to help me in solving the following question:

1. Considertheinfinitelyrepeatedgamewithdiscountfactor<1 ofthefollowing

variant of the Prisoner's Dilemma:

left center right

top 6, 6 -1, 7 -2, 8

middle 7, -1 4, 4 -1, 5

bottom 8, -2 5, -1 0, 0

a.For which values of the discount factor can the players support thepair of actions

(M, C) played in every period?

b.For which values of the discount factor can the players support thepair of actions

(T, L) played in every period? Why is your answer different from that for (a)?

Thank you a lot!