Suppose that two players simultaneously submit bids for a share of $250. Bids must be $50 increments. If the sum of the bids does not exceed $250…

  1. Suppose that two players simultaneously submit bids for a share of $250. Bids must be $50 increments. If the sum of the bids does not exceed $250 then both players receive the amount of their bid. If the sum of the bids exceeds $250 then the game ends and the players received nothing. This Nash bargaining game has __________ Nash equilibrium strategy profiles.
  2. 0
  3. 1
  4. 7
  5. 6
  6. 21