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. The most likely strategy profile for this game is:
I. {$0, $0}
II. {$10, $10}
II. {$500, $0}
III. {$0, $500}
IV {$250, $250)
Which of the following is correct?

A) I only.
B) II only.
C) III only.
D) IV only.
E) All of the above are equally likely.