Question: 3. (15 points) Suppose the following stage game is played twice. Players observe the first stage outcome before the second stage begins. The payoff

3. (15 points) Suppose the following stage game is played twice. Players observe the first stage outcome before the second stage begins. The payoff Of the repeated game is the sum Of the payoffs from the two stage games. Player 2 T L o, 2 Player 1 c 4, 5, 6

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