Consider the game in normal form summarized by the payoff matrix below. The game is common knowledge among the players. _ _ Player 1 What do economists mean by 'a player's best responses'? WhaL is Player 2's best response to Player 1 choosing U p? And to Player '1 choosing Middle? And to Player '1 choosing Down? What are the best responses of Player 1? What is/ are the Nash equilibrium(s) of this game? In this game, does Player 2 have a strategy that is never best response? What strategy? Does Player 1 have any reason to believe that Player 2 will ever use this strategy? Does Player 1 have reason to believe that Player 2 might think that he could use this strategy? PWftE'JN