1. Bargaining Games First1 consider a. game below, known as the \"the Ultimatum Game\". There are two players. P1 is endowed with a sum of money 1 and is tasked with splitting it with another player, P2. Once P1 decides the splitting decision between 0 and 1, P2 decides to accept it or not. If it is accepted, then each player gets the amount that is preposed by P1. If it is not, then they both get 0. P1 Accept Reject (m, 1 3:) (0, D) (a) What is a set of strategy for Player 1'? (b) What is Player 2's Best Response to Player 1's offer of :r: = 0? (c) 1What is Player 2's Best Response to Player 1's oEer of a: = 0.5? (d) What is Player 2's But Response to Player 1's offer of 2: = 1? (e) What is Player 1's Best Respense to Player 2's strategy feund above? (1') Find a unique NE