Table 12-1 If Firm a Uses the Maximin Criterion, Which Strategy Will

question 46

Multiple Choice

Table 12-1
$\begin{array}{lrrrr}& \underline{ B 1 } & \underline{ B2 } & \underline{ B3 } & \underline{ B4 } \\\mathrm{~A} 1 & 100 & 50 & 25 & 10 \\\mathrm{~A} 2 & 10 & 60 & 150 & 200 \\\mathrm{~A} 3 & 50 & 75 & 200 & 250 \\\mathrm{~A} 4 & 3 \Pi & 50 & 110 & 150\end{array}$
If firm A uses the maximin criterion, which strategy will it choose?
-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) .

• A)A1
• B)A2
• C)A3
• D)A4

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An American polymath who was a founding father of the United States.