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Displayed Below Is the Payoff Matrix of Firm B for Four

Question 34

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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
B1B2B3B4 A11005025200 A21060150150 A3507520075 A4709025015\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

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