Consider the following simultaneous move game that is played twice (the players observe the first period outcome prior to the second period play):
player 2 lcr
t player 1 m
b
(a) find all the pure strategy subgame perfect equilibria with no discounting (δ = 1). be precise in defining history contingent strategies for both players.
(b) for each of the equilibria you found above, find the smallest discount factor that supports it.

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the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

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