In case anyone else ends up with a similar issue: I recently signed up for Creative Cloud. I downloaded the update for Acrobat listed there as well as the new programs I did not have (Edge etc.). The conflict arose from the Creative Cloud version and the version from Master Collection.
I had to uninstall the entire Adobe collection and all Creative Cloud item. Then I ran Adobe cleaner and reinstalled the Master Collection. I installed only the items I didn't have from Cloud. I still received an error that Acrobat had not been installed, but it was there and is working now.