Consider the following game: If this game is played simultaneously, one time, is

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Consider the following game: If this game is played simultaneously, one time, is (Clean, Cheap shot) an equilibrium? If so, explain (in words!) why. If not, explain in words why it is not. If this game is played simultaneously one time, what are the Nash Equilibria? Be sure you circle or underline payoffs corresponding to best responses. Suppose the game is played an indefinite number of times and Player 1 plays a grim trigger strategy'. What is the benefit to Player 2 of playing "cheap shot" in the first period, as opposed to playing a grim trigger? What is the cost/downside to Player 2 of playing "cheap shot" (rather than "clean") in the first period, as opposed to playing grim trigger?

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Consider the following game: If this game is played simultaneously, one time, is

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