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Player 2 L C R U 2, 1 5,0 3 , -1 Player 1 M 1,0 4,2 2, 1 D a , - 1 3,0

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Player 2 L C R U 2, 1 5,0 3 , -1 Player 1 M 1,0 4,2 2, 1 D a , - 1 3,0 4, -1 (a) [10 points] Find the range of values of a such that (D, L) is rationalizable or show that no such range of values exists. (b) [10 points] Find the range of values of a such that (D, L) is NOT rationalizable or show that no such range of values exists. (c) [20 points] Find the range of values of a such that there exists a mixed-strategy Nash equilibrium (MSNE) where Player 1 randomizes (U, D) and Player 2 randomizes (L, C) and characterize the equilibrium (i.e, characterize the mixed-strategies). Otherwise show that no such range of values of a exists

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