Displayed below is the payoff matrix of firm A for four different strategies, A1, A2, A3, and A4, and the potential retaliatory responses of firm B (B1, B2, B3, B4).Table 12-1
?
B1
B2
B3
B4
A1
100
50
25
10
A2
10
60
150
200
A3
50
75
200
250
A4
30
50
100
150
If firm A uses the maximin criterion, which strategy will it choose?
?
A. A1
B. A2
C. A3
D. A4
Answer: C
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