Problem 1: 20 points (a) Insert the appropriate s in the above matrix indicating all pure strategy equilibria. (b) In the diagram below, insert the 4 straight lines showing the expected payoffs of Cathy's four pure strategies when Ronnie mixes strategies U and D in proportions p and (1p), respectively. Insert all relevant values of p. F F C Examine the above diagram carefully. Briefly explain what the diagram tells you about what pure strategies Cathy will play? Calculate the mixed strategy equilibrium value of p showing all work below and explain in words what you are doing. Using the mixed strategy equilibrium value of p, calculate the expected payoff to Cathy. (c) Using your results observed in the diagram of part (b), in the diagram below, insert the 2 straight lines showing expected payoffs of Ronnie's two pure strategies based on Cathy's q mixture for her relevant two pure strategies determined from the diagram in part (b). Insert all relevant values of q. Calculate the mixed strategy equilibrium value of q showing all work below and explain in words what you are doing. Using the mixed strategy equilibrium value of q, calculate the expected payoff to Ronnie. Problem 1: 20 points (a) Insert the appropriate s in the above matrix indicating all pure strategy equilibria. (b) In the diagram below, insert the 4 straight lines showing the expected payoffs of Cathy's four pure strategies when Ronnie mixes strategies U and D in proportions p and (1p), respectively. Insert all relevant values of p. F F C Examine the above diagram carefully. Briefly explain what the diagram tells you about what pure strategies Cathy will play? Calculate the mixed strategy equilibrium value of p showing all work below and explain in words what you are doing. Using the mixed strategy equilibrium value of p, calculate the expected payoff to Cathy. (c) Using your results observed in the diagram of part (b), in the diagram below, insert the 2 straight lines showing expected payoffs of Ronnie's two pure strategies based on Cathy's q mixture for her relevant two pure strategies determined from the diagram in part (b). Insert all relevant values of q. Calculate the mixed strategy equilibrium value of q showing all work below and explain in words what you are doing. Using the mixed strategy equilibrium value of q, calculate the expected payoff to Ronnie