Use the Following to Answer the Question(s) Below

question 24

Multiple Choice

Use the following to answer the question(s) below.
Sunny Side Condominiums recently purchased land outside of Toronto and is trying to decide the size complex it should build (large or small) . The following payoff table (in thousands of dollars) considers three possible levels of demand.
-Using the maximax approach, Sunny Side should

• A) build a small complex
• B) build a large complex
• C) build a large complex with high demand
• D) build a small complex with low demand
• E) not build any size complex

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