Which of the Following Best Describes 'Maximising the Minimum Possible

question 132

Multiple Choice

Which of the following best describes 'maximising the minimum possible payoff'?

• A)maximax
• B)maximin
• C)minimax
• D)minimin
• E)miximix

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Definitions:

Capitalist Ideology

A set of beliefs and values that supports and promotes the principles of capitalism, including private property, free markets, competition, and profit maximization.

Canadians

Citizens or nationals of Canada, a country known for its diverse culture, natural beauty, and commitment to social welfare.

Equal

Pertaining to being the same in quantity, size, degree, value, or status.

Intergenerational Mobility

The change in social status or class from one generation to the next within a family or across different families.