The General Message of the Folk Theorems Is That

Multiple Choice

The general message of the folk theorems is that

A) Nash equilibria may not be sustainable over many replications of a game.
B) Payoffs that are unambiguously preferred to Nash equilibria may be sustainable over many replications of a game.
C) Credible threats may inhibit the achievement of mutually beneficial outcomes over many replications of a game.
D) Just plain folk play the best games.