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Nash equilibrium strategy profiles

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Reference no: EM131048950

Suppose that two players submit sealed bids for a share of $50. Bids must be in $15 increments. Bids of $0 are not accepted. If the sum of the bids does not exceed $50 then the players receive the amount of their bid. If the sum of the bids exceeds $50 then the game ends and the players received nothing. This Nash bargaining game has __________ Nash equilibrium strategy profiles.

a. 2
b. 4
c. 3
d. 1
e. 0

Reference no: EM131048950

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