A firm is considering the decision of investing in new plants.The following is the profit payoff matrix under three conditions: it does not expand,it builds two new plants,or it builds one new plant.Three possible states of nature can exist--no change in the economy,the economy contracts and the economy grows.The firm has no idea of the probability of each state. 
What decision would be made using the minimax regret rule?
Definitions:
Trade Deficit
A situation occurring when a country's imports of goods and services exceed its exports, indicating a net outflow of domestic currency to foreign markets.
Major Trading Partners
denotes the most significant countries with which a particular nation conducts a considerable portion of its imports and exports.
Candlemakers
Traditionally, artisans or companies involved in the production of candles for lighting and other purposes.
Tariffs
Taxes imposed on imported goods, typically used to protect domestic industries and raise government revenue.
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