Two Individuals with Diverse Interests Are Bargaining Over the Distribution

Multiple Choice

Two individuals with diverse interests are bargaining over the distribution of $500 in which payoffs must be in increments of $10. Each player submits a one time bid. If the sum of the bids is less than or equal to $500, each player gets the amount of their bid and the game ends. If the sum of the bids exceed $500, the bargaining ends and the players go home empty handed. This bargaining game:

A) Has a unique Nash equilibrium.
B) Does not have a Nash equilibrium.
C) Has multiple Nash equilibria.
D) All of the above are possible.
E) There is not enough information to answer this question.