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Abbie and Brendan meet for a beer every Friday, either in St… Abbie and Brendan meet for a beer every Friday, either in St Andrews Brewing Co (SAB) or Whey Pat Tavern (WPT). Abbie prefers SAB, so much that she enjoys having a beer there even if Brendan does not show up. Abbie does not like WPT, but she can tolerate it if Brendan joins her. On the other hand, Brendan prefers WPT, so much that he enjoys having a beer there even if Abbie does not show up. Brendan does not like SAB, but he can tolerate it if Abbie joins him.The payoffs of the stage game are below (Abbie is the row player and Brendan is the column player):Image transcription textSAB WPT SAB 4, 0 1, 1 WPT , -1 0, 4… Show moreThis is a (potentially) infinitely repeated game. The payoff of each player is the sum of his or her discounted payoffs in stage games. The discount factor is d=1/2. What is the smallest value of the discount factor so that this strategy remains an SPE?Select one:a. d=1/5b. d=1/4c. d=3/7d. d=1/3e. d=2/5f. d=1/2 Business Economics ECON-UA MISC

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