(Table: Firms 1 and 2 II) The payoffs are profits in millions of dollars. If Firm 1 follows a maximin strategy, the outcome of this game is:
A) (20 , 20).
B) (8 , 8).
C) (-20 , 15).
D) (-1 , 10).

Question

(Table: Firms 1 and 2 II) The payoffs are profits in millions of dollars.  If Firm 1 follows a maximin strategy, the outcome of this game is:
A) (20 , 20). 
B) (8 , 8). 
C) (-20 , 15). 
D) (-1 , 10).

Quizplus · Accepted Answer

The Answer of (Table: Firms 1 and 2 II) The payoffs are profits in millions of dollars.  If Firm 1 follows a maximin strategy, the outcome of this game is:
A) (20 , 20). 
B) (8 , 8). 
C) (-20 , 15). 
D) (-1 , 10).

(Table: Firms 1 and 2 II) the Payoffs Are Profits