A Self-Enforcing Agreement

Multiple Choice

A self-enforcing agreement:

A) describes an agreement in which every party involved has an incentive to abide by it, assuming that others do the same.
B) requires a contract.
C) describes the strategy that makes up a Nash equilibrium.
D) describes the strategy that makes up a Nash equilibrium and describes an agreement in which every party involved has an incentive to abide by it, assuming that others do the same.