When Each Party Makes a Single Offer to Divide Profits

Multiple Choice

When each party makes a single offer to divide profits, an equilibrium is reached only if:

A) the individual profits add up to less than 100% of the total profit.
B) each party gets an equal share.
C) the individual profits add up to more than 100% of the total profit.
D) the sum of the individual profits is equal to the total profit.
E) an increase in share of a party does not reduce the share of the other party.