Displayed below is the payoff matrix of firm B for four different strategies, B1, B2, B3, and B4, and the potential retaliatory responses of firm A (A1, A2, A3, A4). Table 12-2
$\begin{array}{lrrrr}
& \underline{ B 1 } & \underline{ B2 } & \underline{ B3 } & \underline{ B4 } \
\mathrm{~A} 1 & 100 & 50 & 25 & 200 \
\mathrm{~A} 2 & 10 & 60 & 150 & 150 \
\mathrm{~A} 3 & 50 & 75 & 200 & 75 \
\mathrm{~A} 4 & 70 & 90 & 250 & 15
\end{array}$
If firm B uses the maximin criterion, which strategy will it choose?
A)B1
B)B2
C)B3
D)B4

Question

Quizplus · Accepted Answer

The Answer of Displayed below is the payoff matrix of firm B for four different strategies, B1, B2, B3, and B4, and the potential retaliatory responses of firm A (A1, A2, A3, A4). Table 12-2
$\begin{array}{lrrrr}
& \underline{ B 1 } & \underline{ B2 } & \underline{ B3 } & \underline{ B4 } \
\mathrm{~A} 1 & 100 & 50 & 25 & 200 \
\mathrm{~A} 2 & 10 & 60 & 150 & 150 \
\mathrm{~A} 3 & 50 & 75 & 200 & 75 \
\mathrm{~A} 4 & 70 & 90 & 250 & 15
\end{array}$
If firm B uses the maximin criterion, which strategy will it choose?
A)B1
B)B2
C)B3
D)B4

Displayed Below Is the Payoff Matrix of Firm B for Four