Economics Consider an infinitely repeated game played between two firms with the following payoffs (firm 1 is listed first): ·         (250, 290) if both firms deviate ·         (290, 330) if both firms cooperate ·         (230, 370) if only firm 2 deviates ·         (350, 270) if only firm 1 deviates a. What probability-adjusted discount factor would ensure that Firm 1 would cooperate in a Nash equilibrium if Firm 2 applied a trigger strategy in the event that Firm 1 deviated?  b. What probability-adjusted discount factor would ensure that Firm 2 would cooperate in a Nash equilibrium if Firm 1 applied a trigger strategy in the event that Firm 2 deviated?

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