-Consider the One-Time Nash Bargaining Game Depicted in Figure 12

Multiple Choice

-Consider the one-time Nash bargaining game depicted in Figure 12.2 in which Gog andMagog are bargaining over the distribution of $100. Bids must be in increments of $50. In this game, the sum of the players' bids cannot exceed $100. If the sum of the bids are less than $100, each bidder receives his bid, and the rest is forfeited to the Exchequer. If the sum of the bids exceeds $100, the bidders receive nothing, and $100 is forfeited to the Exchequer. The most likely Nash equilibrium strategy profile for this game is:

A) {$0, $0}.
B) {$50, $50}.
C) {$0, $100}.
D) {$100, $0}.
E) Answers c and d are equally likely.