When Each Party Makes a Single Offer to Divide Profits

question 17

Multiple Choice

When each party makes a single offer to divide profits, an equilibrium is reached only if:

• A) the individual profits add up to less than 100% of the total profit.
• B) each party gets an equal share.
• C) the individual profits add up to more than 100% of the total profit.
• D) the sum of the individual profits is equal to the total profit.
• E) an increase in share of a party does not reduce the share of the other party.

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Definitions:

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