Reference: Ref 20-3 (Table: Society A, B, C, D) Refer to the table. According to the maximin principle, which of the societies is ranked highest?
A) A
B) B
C) C
D) D

Question

Reference: Ref 20-3 (Table: Society A, B, C, D) Refer to the table. According to the maximin principle, which of the societies is ranked highest?
A) A 
B) B 
C) C 
D) D

Quizplus · Accepted Answer

According to the maximin principle, we choose the alternative that has the highest minimum payoff. Society C has a minimum payoff of 10, which is higher than the minimum payoffs of the other societies. Therefore, society C is ranked highest according to the maximin principle.