Consider the game represented by the game tree below. The first mover, Player 1, may move either Up or Down, after which Player 2 may move either Left or Right. Payoffs for the possible outcomes appear below. Reexpress this game in strategic (table) form. Find all of the pure-strategy Nash equilibria in the game. If there are multiple equilibria, indicate which one is subgame-perfect. For those equilibria that are not subgame-perfect, identify the reason (the source of the lack of credibility).
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